BOISE, Idaho (KIFI) – In a win for Attorney General Raúl Labrador and a coalition of 24 other states, the New York Stock Exchange withdrew a recently proposed rule change that would have allowed it to list “Natural Asset Companies” (NACs) on the exchange.
NACs are a novel corporate structure designed to take land off the market to prohibit productive economic uses in the name of environmentalism.
“I applaud the NYSE for listening to the counsel of this coalition of Attorneys General and withdrawing this ill-advised and illegal rule change,” Attorney General Labrador said. “This is a huge win for our states and the interests of our constituents as we continue to defend against the inherent dangers of these ESG (Environmental, Social, and Governance) schemes and their activist agenda.”
The creation of NACs and proposal to list them on the NYSE was a new front in the effort to promote ESG policies at…
