Jan. 13, 2024
To all involved at the SEC: I am URGING the SEC to NOT allow the NYSE to list ‘Natural Asset Companies’ or NACs, pursuant to File No. SR-NYSE-2023-09. The efforts fo financialize the productive natural resources of our great country cannot be allowed!!! NACs are a new type of company that should require a high degree of scrutiny. NACs seek to use others’ money including that obtained via the capital markets, to buy the ability to control or ‘manage’ productive public AND private land and other natural resources, such as farmlands, waterways, parks, etc.Their stated purpose in doing so is not to make a profit, but rather to protect, conserve, restore, and preserve these natural ‘assets’ based on their own definitions of what that might look like. Not only could these NACs impact our ability to generate and access energy, critical minerals, water and food, but it could put those decisions in the hands of foreign governments!!!! This means these NACs could invest in and have de facto control over America’s natural resources! This is a REALLY BAD idea. Critical resources will be subject to the consolidation of a handful of wealthy and powerful individuals; their ideas of what it means to protect, their ideas of what restoration looks like, their ideas of how to preserve these assets and resources. I can think of no way this ends well for the American people as a whole, farmers in general and basically citizens who like to eat and a whole lot of ways this ends very badly for the population of the United States. AMERICAN’S AND THE SEC CANNOT ALLOW THIS TO HAPPEN. The SEC is supposed to be a counterbalance to make sure the markets are free and fair for everyone. Do the right thing for the American people— DO NOT ALLOW NACs TO ACCESS OUR CAPITAL MARKETS VIA NYSE LISTINGS OR OTHERWISE. Thank You in advance of doing the right thing! Marcia Svenkeson