Eco-Communists & Wall Street Have Created a New “Investment” to Seize Productive Lands

The enviro-communists are teaming up with Wall Street to develop a new financial instrument called a Natural Asset Company. NACs are designed to protect “climate” and “biodiversity” by acquiring the rights to natural assets – both publicly and privately owned – and then taking them out of formerly productive uses such as agriculture or energy production. It’s almost as if the “sagebrush rebellion” of the Reagan era, which sought to privatize federal lands, has been hijacked by communists.

Even more disturbing, the NACs are a new form of corporate entity that doesn’t even strive for profit, because they have also created a new type of accounting that doesn’t involve traditional revenue. Rather than a Profit & Loss Statement, there is a “Statement of Ecological Performance” which will “account for the flow of ecosystem services in financial terms,” whatever that means.

[Buck refers us to this Twitter thread from Carol Roth from last week, but unrolls it for AOSHQ readers in the post. She calls it “ESG on steroids,” and warns that this new “accounting standard” from the Left had better get conservatives into action. Read it all. — Ed]