Seizing the Nature of Wall Street has the Growth of a New Asset Class

Last month, the New York Stock Exchange (NYSE) Office has partnered it is developed a new asset class and accompanying auto list means “to preserve and restore the natural assets that ultimately underlie the ability to have life on Earth.” Called a natural asset company, or NAC, will allow the vehicle for the formation of specialist corporations “that hold the rights to ecosystem services performed on a piece of land, services such as carbon sequestration or clean. water. ” These NACs then sustainability, management and growth the natural assets they sell, with the conclusion that the purpose of maximizing the aspects of natural assets that the company considers beneficial.

Even if described as acting like “any other entity” on the NYSE, it is alleged that NACs “will use the funds to help protect a rain forest or make other conservation efforts, such as changing the traditional methods of making agriculture on a farm. ” However, as explained at the end of this article, even the makers of NAC admit that the ultimate goal is to get the almost infinite profit from the natural processes they seek to compute and then make money. .

NYSE COO Michael Blaugrund talks about this when he says the following about launching NACs: important, but, up to this point, never involved in the financial market. ”

Framed by the long discussion of “sustainability” and “conservation”, media reports about the operation of the outlets As Good luck It is inevitable to note that NACs are opening the doors to “a new form of sustainable investment” that has “attracted the likes of BlackRock CEO Larry Fink over the past several years even though many remain, unanswered questions about it. ” Fink, one of the world strongest financial oligarchs, so and long ago a corporate raider, is not an environmentalist, and his enthusiasm about NACs should give stop to even the most enthusiastic supporters if this effort is really about improving conservation, as claimed.

How to make a NAC

The creation and launch of NACs took two years to create and was seen with the NYSE team the Intrinsic Exchange Group (IEG), in which the NYSE itself holds a minority stake. The three investors in IEG are Inter-American Development Bank, the American branch focused on Latin America. the multilateral development banking system imposing neoliberal and neo-colonalist agendas by trapping debt; the Rockefeller Foundation, the foundation of the American oligarchy dynasty of whose activities it’s been a long time tightly enmeshed with Wall Street; and Aberdare Ventures, a strong capital holding principal focused on the digital healthcare space. Labi na, the IADB and the Rockefeller Foundation is closely tied to the relevant push for Central Bank Digital Currencies (CBDCs) and biometric Digital IDs.

IEG’s mission is focused on “pioneering a new class of assets based on natural assets and mechanisms to transform them into financial capital.” “These assets,” according to IEG, make “life on Earth possible and enjoyable… They include biological systems that provide clean air, water, food, medicine, a stable climate, healthy human and societal potential. ”

In other words, NACs will not only allow ecosystems to become financial assets, but the rights to “ecosystem services”, or benefits that people also receive from nature. These include food production, tourism, clean water, biodiversity, pollination, carbon sequestration and more. The IEG is now partnering with the Costa Rican government to pilot NAC efforts within that country. The Minister of Environment and Energy of Costa Rica, Andrea Meza Murillo, Site Acquisition that the pilot project in conjunction with the IEG “will deepen the economic analysis of providing the nature of economic value, as well as continue to drive austerity financial flows.”

With NACs, the NYSE and IEG now put the totality of the nature sold. While they state that doing so “will transform our economy into a more equitable, stable and sustainable one”, it is clear that the future “owners” of nature and natural processes are the same. the real beneficiaries.

Each IEG, NACs first begin to identify a natural asset, such as a forest or lake, which is then estimated using specific protocols. Such protocols have been developed by relevant groups such as Capital Coalitions, which is joined by many IEG partners as well as the World Economic Forum and different coalitions in multinational corporations. Subsequently, a NAC is created and the company structure determines who has natural asset fertility rights as well as rights to judge how to manage and manage the natural assets. Finally, a NAC “converts” into financial capital by launching an initial public offering on a stock exchange, such as the NYSE. This later stage “creates capital to manage natural assets” and the fluctuation of its price on the stock exchange “signals the value of natural capital.”

Origin: IEG

However, the NAC and its employees, directors and owners do not have to be owners of the natural asset itself following the final step. However, as noted by the IEG, the NAC is the only issuer while potential buyers of natural assets represented by the NAC may excluded: institutional investors, private investors, individuals and institutions, corporations, sovereign wealth funds and multilateral development banks. As such, corporate management firms that are already owned in much of the world, such as Blackrock, can become owners of nearly monetized natural processes, natural sources and standards themselves. in natural life.

Both the NYSE and IEG are selling this new investment vehicle as aimed at creating funds that will return sustainability or sustainability efforts. However, on the IEG website, it is stated that the goal is actually infinite revenue from natural processes and ecosystems that were once considered part of “the commonalities”, Ie the cultural and natural resources accessible to all members of a society, including natural materials such as air, water, and a habitable land. Per IEG, “As with natural asset growth, providing a steady or increasing flow of ecosystem services, the company’s equity should be appreciated in line with providing returns on investment. Shareholders and investors in the company through in the second offer, can make a profit by selling shares.These sales can be measured to reflect the increase in the capital value of the stock, which is roughly consistent with its earnings, generating cashflow consistent with the health of the company and assets. property. ”

Researcher and journalist Cory Morningstar strongly disagrees with the approach taken by the NYSE / IEG and views NACs as a system that will only exacerbate corporate predation in nature, despite claims to the contrary. Morningstar describes NACs as “Rockefeller et al. Letting markets dictate what has environmental value – and what doesn’t. However, it’s not for capitalist institutions and global finance to decide what cause of life.Ecosystems are not ‘assets.’ Biological communities exist for their own purpose, not ours. ”

A New Way of Stealing

The ultimate purpose of NACs is not to sustain or protect – it is to finance the environment, i.e. to turn the environment into a commodity that can be used to sustain the current, rotten Wall Street economy in the sign of environmental protection and prevention. further deterioration of it. . In fact, the IEG clarified this when they noticed thatthe opportunity”In NACs it is not in their potential to improve the welfare or sustainability of the environment, but in the magnitude of the new class of assets, which they call the“ Economy of Nature. ”

Origin: IEG

In fact, while the asset classes in today’s economy are worth nearly $ 512 trillion, the asset classes not unlocked by NACs are much larger than $ 4,000 trillion (i.e. $ 4 quadrillion). ). Thus, NACs have opened up a new dining area for predatory Wall Street banks and financial institutions that will allow them to dominate not only the human economy, but the entire natural world. In today’s world built on these and related entities, where even freedom which is also framed not as a right but “a service,” the natural processes by which life depends on the same property also as assets, with owners. Those “owners” ultimately have the right, in this system, to dictate who gets access to clean water, to clean air, to nature itself and at what cost.

According to Cory Morningstar, one of the other purposes of creating an “Economy of Nature” and orderly packaging it for Wall Street through NACs is to greatly advance the many land grab efforts made by Wall Street and the oligarch class in recent years. This includes the recent land grab made by Wall Street firms as well as billionaire “philanthropists” like Bill Gates during the COVID crisis. However, the land acquisition was facilitated by the advancement of the NAC’s will. mostly focused on indigenous communities in the developing world.

As Morningstar says:

The public launch of the NAC strategically preceded the fifteenth meeting of the Conference of Parties to the Convention on Biological Diversity, the largest biodiversity conference in a decade. Under the pretext of making 30% of the world “protected areas”, the most land grabs in history continue. Built on a foundation of white supremacy, this proposal would cost hundreds of millions, which would continue to continue to kill Indigenous people. The unfortunate shift is this: while Indigenous peoples represent less than 5% of the world’s population, they support approximately 80% of all biodiversity.

The IEG, in referring to NACs, says that the proceeds from the IPO of a NAC can be used for the acquisition of large amounts of land by the governing entities or used to improve the budget or funds of the recipients of capital from the IPO. . It’s so far from the NYSE / IEG’s selling pitch that NACs are “different” because their IPOs are used to “preserve and protect” natural areas.

The climate change panic that is now on the rise to replace the COVID -19 panic will certainly be used to experience the sale of NACs and similar tactics if necessary to save the planet, but – sure – NACs are not a step up. to save the planet, but a move to mobilize the same interests responsible for current environmental crises that will usher in a new era where their violent exploitation has reached new heights that previously did not. mahunahuna.

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