Posted 1/17/2024, 8:37:00 PM
Biden Administration Drops Proposed Plan to Allow Trading of Public Land Conservation Companies
- Biden administration withdrew proposal to allow Natural Asset Companies (NACs) to be traded on stock exchanges
- NACs would have opened public lands to private ownership and management
- State AGs and Congressional Republicans opposed NACs over national security concerns
- Critics argued NACs could restrict energy production and give control over public lands to foreign entities
- Environmental groups supported NAC proposal as a way to spur conservation efforts