The New York Stock Exchange has withdrawn a rule that Republicans said would have illegally implemented a radical environmentalist agenda and harmed national security.
On Wednesday, the NYSE announced that it would be withdrawing a proposed rule to the Securities and Exchange Commission that would have created a listing entity called a Natural Asset Company (NAC). A NAC would be empowered to control private and public lands by capturing “the intrinsic and productive value of nature” and block things like logging, herding, and drilling from happening on the land.
The proposed rule was opposed by a coalition of over two dozen Republican attorneys general and state financial officers who warned that the rule would be used to push a liberal political agenda. Republicans also said that foreign entities would be able to purchase and control what happens on public lands by designating it…
