Jan. 15, 2024
To all involved at the SEC: I am earnestly requesting the SEC NOT to allow "Natural Asset Companies" or NACs, pursuant to File NO SR-NYSE-2023-09. Financializing productive natural resources subvert the legal system and pervert the capital markets. Natural Asset Companies seek to use others' money including that obtained via the capital markets to buy the ability to control/manage productive public and private lands and other natural resources under the guise of conservation protection based on whatever definitions the Natural Asset Companies chooses. The company has gone public to generate funding but they aren't seeking to manage resources as claimed but rather would often be seeking to remove the productivity of assets in the name of some type of climate agenda. IEGs chairman states "We were looking for a private-sector approach that wasn't dependent on policy, it wasn't dependent on traditional taxes, regulation or philanthropy to price in these assets and give investors the opportunity to invest directly in nature, whether that's for climate or biodiversity." This would consolidate natural resources into a handful of wealthy and powerful individuals and control of productive resources as well as our food supply, water, energy, tourism, and more into the hands of foreign nations and their sovereign wealth funds or other bad actors. This could impact America's ability to generate and access energy, critical minerals, water, and food and put those decisions in the hands of institutions such as foreign governments and their sovereign wealth funds who could invest in Natural Asset Companies and have de facto control over America's resources. The focus of the SEC is to protect investors. Natural Asset Companies allow investor money, particularly those deployed through entities that they may not control, such as pension funds to be used to decommission resources and make them non-productive for political means. America and the SEC CANNOT LET THAT HAPPEN! Please stop this in its tracks. SEC please act to keep the markets free and fair for all, with the best interest for all investors! Do the right thing regardless of what is politically railroaded and elite power driven! DO NOT allow Natural Asset Companies to access our capital markets via New York Stock Exchange listings or otherwise. Thank you, Helen Reagan