State AGs Blast Biden, Wall Street Plan to Sell Rights to America’s Public Lands

‘It’s about power, money, and who controls what can happen on these lands,’ Utah Attorney General Sean Reyes warns.

Hikers walk beside the Delicate Arch at sunset in the Arches National Park near Moab, Utah on April 21, 2018. - The park which has over 2000 arches that were formed over 100 million years by a combination of water, ice, extreme temperatures and underground salt movement. (Photo by Mark Ralston / AFP) Photo credit should read MARK RALSTON/AFP via Getty Images

The current plan by the New York Stock Exchange (NYSE) to create Natural Asset Companies (NACs), which would buy up land rights throughout America, faced heavy criticism from 25 state attorneys general, who in a Jan. 9 letter urged the Securities and Exchange Commission (SEC) to reject the concept.

“What is happening here is clear,” the AGs wrote. “The Commission and the NYSE are seeking to implement a radical environmental agenda through the rulemaking process (and outside the legislative process).”