Jan. 16, 2024
Dear Sir/Madam, I am writing to express our concerns and opposition to the proposed Natural Asset Companies (NACs) listing rule by the New York Stock Exchange (NYSE). We believe that this proposed rule, if implemented, could have significant negative consequences for the environment, local communities, and the economy. One of the main concerns with the proposed NACs listing rule is that it could lead to the commodification of natural resources and the environment. This could result in the exploitation of natural resources for short-term profit, without taking into account the long-term consequences for the environment and local communities. Another concern is that the proposed rule could lead to the concentration of ownership of natural resources in the hands of a few large corporations. This could result in the exclusion of local communities from decision-making processes that affect their livelihoods and the environment. In addition, the proposed rule could lead to the creation of a new financial bubble, as investors rush to invest in NACs without fully understanding the risks involved. This could result in a financial crisis that would have serious consequences for the economy. In light of these concerns, we urge the SEC to reject the proposed rule and to take steps to ensure that natural resources and the environment are managed in a sustainable and equitable manner. To even propose something this twisted should be very eye opening to the American public. Sincerely, Alex Featherstone