In a major victory to protect America’s land and resources, an SEC-proposed rule to authorize the creation of a completely new investment class known as a “Natural Asset Company” (NAC) was withdrawn, after push-back from congressional representatives, state authorities, and the public.

Creating a Natural Asset Company Flow Chart

A project of the multilateral development banking system, the Rockefeller Foundation and the New York Stock Exchange recently created a new asset class that will put, not just the natural world, but the processes underpinning all life, up for sale under the guise of promoting “sustainability.”