When Americans come together, we can A difference occurs/becomes different. The latest example is the pressure from many Blaze News subscribers to stop being included on the proposed list. natural assets company Listed on the New York Stock Exchange.
The New York Stock Exchange had petitioned the Securities and Exchange Commission to allow natural asset companies to go public. NAC is a “new” type of company founded by environmental groups. They focus on raising funds to purchase the rights to manage natural resources. But rather than making these resources more productive, the environmentalists behind the NAC plan are trying to protect, conserve, and restore these natural “assets,” as they define their own activities. , wanted to cease productive use in order to preserve it.
This is a reminder that we are not powerless if people are willing to take the time to exercise their freedom of speech.
NAC's supporters sought to use the public markets to raise funds for the effort through a listing on the New York Stock Exchange. This means that any money in the public markets, whether it comes from pension funds or other governments' sovereign wealth funds, can fund and effectively manage America's natural resources. means. NAC threatened our food and water supplies, energy development, tourism, and way of life.
But we fought back. Thanks to the leadership of Utah State Treasurer Marlo Oakes and Glenn Beck, who extensively covered this topic on the show, and Utah Attorney General Sean Reyes, who led a total of 25 states in protesting the issue, effective A grassroots backlash ensued. I provided the SEC with a template based on my own comments that hundreds of readers contacted me to obtain and send to the SEC and their state representatives.
This backlash was fast, loud, and loud. On Wednesday, the day before the SEC's extended comment period ended, the NYSE notified The SEC will withdraw the proposed rule change.
This is very important. These are large and powerful organizations, and through organized grassroots efforts, they had enough influence to stop something terrible from happening. We often feel powerless, but if people are willing to take the time to exercise their free speech rights, it reminds us that we are not powerless.
While we're taking a victory lap, we should! — It should be noted that more work needs to be done.
The NYSE's decision not to list natural asset companies is a major step. However, this does not mean that these companies cannot raise funds elsewhere in the private market. They could still lobby sovereign wealth funds, pension funds, etc. to provide the money. So our next fight is to send comments to our members of Congress and ask them to make NAC illegal. We need them to protect our land and other natural resources from financialization and consolidation by bad actors.
And like many other power grabs, NAC is likely to come back at some point, perhaps under a different brand name, so we need to keep our eyes peeled.
Other critical issues require grassroots resistance. Addressing the border crisis and illegal invasion of our country must be a top priority.The same goes for the fight against anti-SME businesses under the Corporate Transparency Act. “Beneficiary information” rule and the Department of Labor's anti-gig work and anti-independent contractor rules. Glenn Beck and I talked about recent.
If you would like to join my newsletter so that we can work together to overcome these issues and provide further updates and templates on these issues, please join at the following address: CarolRoth.com/News.
Take a moment to understand that it is possible for grassroots efforts to work and pressure and shame elected officials. Now let's get back to work.
