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John Curtis on Environment

 

 


Ban Natural Asset Companies from "ecological performance"

Representative John Curtis (R-UT) introduced a bill to protect Utah's public lands from Wall Street activist investors. The bill prohibits Natural Asset Companies, or any similar entity, from entering into any agreement that would impact land in the state of Utah.

"Wall Street shouldn't be allowed to control Utah's land just to meet with ESG goals," said Rep. Curtis [ESG: Environmental, social, & corporate governance]. "Western communities rely on public lands for their livelihoods, recreation, and more. This rule, and any similar proposal to authorize Natural Asset Companies, is a direct threat to that way of life."

In 2023, the Securities and Exchange Commission (SEC) published a rule that would allow Natural Asset Companies (NACs) to own the rights to ecological performance and license rights to minerals, water, or air from "sovereign nations or private landowners." In 2024, the rule was abruptly pulled after receiving widespread opposition, including from Congressman John Curtis.

Source: House press release "Wall Street" on 2024 Utah Senate race , Jan 19, 2024

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