
Biden admin abruptly reverses proposal opening public lands to foreign ownership after GOP opposition
Fox News
The Securities and Exchange Commission said in a filing Wednesday that it would block a proposal that would have opened public lands to private ownership.
Thomas Catenacci is a politics writer for Fox News Digital.
NACs are a type of company that is chartered to "protect, restore and grow the natural assets," according to the Intrinsic Exchange Group, a non-profit which collaborated with the NYSE to develop the new corporate taxonomy. The Rockefeller Foundation, a left-wing non-profit and an early supporter of Intrinsic Exchange Group's efforts, said the proposal would help combat climate change.
"Of all the objectionable and extreme policies in the ESG menagerie, NACs are among the most egregious and least defensible legally," Utah Attorney General Sean Reyes previously told Fox News Digital. "Not only do NACs suffer the same deficiencies as other ESG investments, but they represent a host of additional dangers to the American public."