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IPFS News Link • Property Rights

New York Stock Exchange Abandons Plan To Control America's Natural Resources

• Zero Hedge

Authored by Kevin Stocklin via The Epoch Times,

The NACs would, according to filing documents, manage the lands solely for the purpose of "sustainability." Critics of the plan charged that wealthy investors and foreign entities would be able to use these vehicles to make decisions to allow or block the public from accessing the publicly owned land that is designated for uses such as hunting, fishing, drilling, mining, hiking, and logging. 

While some conservation groups and global warming activists had supported the initiative as a way to protect natural resources, many land-rights activists applauded its demise and questioned whether wealthy investors would be better stewards of America's land. 

"Today's withdrawal is a major victory for Americans," Margaret Byfield, executive director of American Stewards of Liberty, a land-rights organization, told The Epoch Times.

"Very few people understand how close we were to losing control of our property and natural resources through this diabolical NAC scam." 

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