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Environment

Wall Street’s planned theft of America’s lands and waters

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9 minute read

From the Frontier Centre for Public Policy

By Elizabeth Nickson

When we are issued carbon allowances, owners of said lands will be able to claim tax deductions and will be able to sell carbon allowances to businesses, families and townships. In the simplest of terms, that’s where the money will be made. WE peons will be renting air from the richest people on earth.

Everything will be monetized and measured and traded, even you.

Up next on Wall Street’s exploitation list.

If not stopped, on November 17th, the U.S. government will pass a rule that allows for America’s protected lands, including parks and wildlife refuges, to be listed on the N.Y. Stock Exchange. Natural Asset Companies (NACs) will be owned, managed, and traded by companies like BlackRock, Vanguard, and even China.

Since the early 2000’s, outfits like Goldman Sachs have been trying to trade air, or specifically carbon without much success. Their 2005 carbon exchange staggered along until it was quietly discontinued, and their Climate Exchange-Traded Fund (ETF) is now facing delisting. “ESG” was the next attempt to monetize the un-monetizable, with the “E” part of that acronym standing for Environment, ill-defined as that was. Now ESG is failing. Market leaders say it is facing “a perfect storm of negative sentiment” and its U.S. investments fell by $163 billion in the first quarter of 2023 alone.

Its stepchild, Net-Zero, is so loathed, it looks like it might blow up the entire carbon scam. Says Australian senator Matt Canavan, “Net-Zero has absolutely carked it. It is a soundbite and totally insane. Almost everything we grow, we make, we do in our society relies on the use of fossil fuels.” Vanguard has pulled out of Net-Zero funds. The British government too is backing out of Net-Zero, saying “we won’t save the planet by bankrupting the British people.” New Zealand’s new government revised the country’s Net-Zero plans in its first week in office. In the hard hit Netherlands, the Farmer-Citizen movement is now the dominant party in the Dutch senate and every provincial assembly. Sweden has abandoned its 100 percent Net-Zero plans and Norway has announced another $18 billion in oil and gas investments.

Not going to happen.

Even in the submissive E.U. voters are turning from the “green” parties toward anti-E.U. parties. Renewables funds are seeing massive outflows because of rising interest rates and declining subsidies. Of course, the massive subsidies taxpayers have already given both “renewables” investors and “renewables” companies will never be clawed back. All we will get is a shrug as they move onto the next kill. Which is so obvious it is a wonder no one predicted it.

The entire universe envies the lush interior of the U.S. Increasingly empty, it is filled with a cornucopia of minerals, fiber, food, waters, extraordinarily fertile soil as well as well-ordered, educated, mostly docile people. Worth in the quadrillions, if one could monetize and trade it, financialize it, the way the market has financialized the future labor of Americans, well, it would be like golden coins raining from the sky.

On October 4th, the Securities and Exchange Commission filed a proposed rule to create Natural Asset Companies (NACs). A twenty-one day comment period was allowed, which is half the minimum number of days generally required. NACs will allow BlackRock, Bill Gates, and possibly even China to hold the ecosystem rights to the land, water, air, and natural processes of the properties enrolled in NACs. Each NAC will hold “management authority” over the land. When we are issued carbon allowances, owners of said lands will be able to claim tax deductions and will be able to sell carbon allowances to businesses, families and townships. In the simplest of terms, that’s where the money will be made. WE peons will be renting air from the richest people on earth.

The following are eligible for NACs: National Parks, National Wildlife Refuges, Wilderness Areas, Areas of Critical Environmental Concern, Conservation Areas on Private and Federal Lands, Endangered Species Critical Habitat, and the Conservation Reserve Program. Lest you think that any conserved land is conserved in your name, the largest Conservation organization in the U.S., is called The Nature Conservancy, or TNC, which, while being a 501(c)3, also holds six billion dollars of land on its books. Those lands have been taken using your money via donations and government grants, and transferred to the Nature Conservancy, which can do with those lands what it wills.

If this rule passes, America’s conserved lands and parks will move onto the balance sheets of the richest people in the world. Management of those lands will be decided by them and their operations, to say the least, will be opaque.

μολὼν λαβέ, buddy.

Farm country is fighting back. American Stewards of Liberty, Committee for a Constructive Tomorrow, Kansas Natural Resource Coalition, Financial Fairness Alliance and Blue Ribbon Coalition have filed comments, Republican senators Pete Ricketts, James Risch and Mike Crapo have sent pointed queries to the SEC. This week, Rep. Harriet Hageman (R-WY) offered an amendment that would defund the SEC proposed rule to approve listing “NACs.”

Most of us ill-understand “financialization.” It is a complex set of maneuvers best explained by the behavior that crashed the economy in 2008 which bundled up questionable mortgages and brokered off the risk to dozens of different funds in order to share that risk. NACs are asset grabs. From ’09-’20, funds asset-stripped America’s manufacturing via debt obligations, buying the company, selling off the equipment, firing the most expensive employees, and gutting, if they could, pension funds. Then they upped the price and sold on the assets. Which were bundled and brokered off. These are called collateralized debt obligations and they thunder doom underneath the debt-fueled economy.

Natural Asset Companies are an attempt to grab hard assets to make up for an inevitable collapse. But taking more land out of production makes it certain that collapse moves ever closer. Land needs to be used, cared for, and maintained by the people who live on and use the land. Otherwise, it runs to desert and invasive species. The mad push to “green” and net-zero has triggered financialization, or a brokering of the future, because only energy spurs real growth — and energy has been increasingly restricted over the past twenty years. NACs are another destroyer of America’s heartland.

Elizabeth Nickson is a Senior Fellow at the Frontier Centre for Public Policy. Her studies and commentaries at the Frontier Centre can be accessed here.   Follow her on Substack here.  Her best-selling book Eco-Fascists can be purchased here.

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Environment

Trudeau gov’t admits goal to plant 2 billion trees in 10 years is unrealistic, way behind schedule

Published on

From LifeSiteNews

By Anthony Murdoch

According to a memo from the Department of Natural Resources, the plan was a marketing ploy designed to inspire commitment and participation, but only about a fifth of the trees will be in the ground by 2031.

A 2019 environmentally ideologically charged scheme by the Liberal government of Prime Minister Justin Trudeau to plant two “billion trees” in a 10-year span was a scheme, according to a memo.

As noted by Blacklock’s Reporter, the memo from Canada’s Department of Natural Resources admitted that the Trudeau cabinet’s plan from 2019 for “two billion trees” was nothing more than a marketing slogan.

The memo, dated February 15, titled Two Billion Trees Questions and Answers, noted that the government “sought a name that would inspire that commitment and participation,” and that “so far that has worked.”

Trudeau’s tree planting scheme is well behind schedule, and the reality is by 2031 only about a fifth of two billion trees will even be planted.

The memo stated that as of today the government has “signed or is in the process of negotiating agreements that will result in 393 million trees planted by 2031.”

“We are actively engaged with all partners on how to move ahead,” it reads.

The department even acknowledged that when it comes to tree planting, it is an overly complex process, as trees cannot just be planted anywhere. “Different species and sizes of trees are required in different planting projects across the country,” it said.

While the government claims that it will plant two billion trees, there has been no timeline for when this will be achieved. The process of “planting a tree takes several years and includes steps like collecting seeds, increasing nursery capacity, growing seedlings until they are large enough to be planted in the ground and identifying available land.”

The Trudeau government had said that the tree-planting scheme would cost $3.16 billion overall. However, a 2021 report Financial Support for Planting Two Billion Trees noted that the actual costs are more than double, or $5.94 billion.

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Energy

How climate activists harm Canadian energy security

Published on

From the Daily Caller News Foundation

By NICK POPE

 

Canadian Official Reveals Damage Eco-Activists Have Wreaked On Great White North’s Energy Security

Rebecca Schulz — the minister of environment and protected areas of Alberta, Canada — sat down with the Daily Caller News Foundation at the Canadian embassy in Washington, D.C. to discuss how climate activists, along with the country’s left-wing government, have hampered Canada’s energy security.

Alberta is a province in Western Canada that is known for its abundant natural resources, especially oil and natural gas. However, the federal government in Ottawa — led by liberal Prime Minister Justin Trudeau — has moved to restrict development in the province, harming the many blue-collar Canadians who rely on affected industries to make a living, Schulz explained to the DCNF.

“We have seen, over the last number of years, the activist, radical left starting to shape policy in a way that is, I think, very concerning, not only for just the basic needs of everyday people when it comes to safe, affordable, reliable energy, but I think, when it comes to to energy security,” Schulz told the DCNF.

“Certainly, we have a prime minister that is completely just bending to the activist base and ignoring, I think, the very real concerns of everyday commonsense as Canadians, and that’s a problem,” Schulz told the DCNF, referencing Trudeau. Later in the interview, Schulz predicted that Canadian voters will “vastly reject” Trudeau when they next head to the polls, in large part due to “the woke, ideological policies” that his government has pursued.

In Canada, one such official with deep ties to the climate activist movement shaping policy is Minister of Environment and Climate Change Steven Guilbeault. A former Greenpeace activist who once scaled Toronto’s iconic CN Tower and climbed on the roof of a government official’s private residence to install solar panels in acts of protest, Guilbeault has stated that he does not seek to implement a “secret agenda” of policies aligned with his activist past while in office, according to CBC, a Canadian news outlet.

Notably, the Biden administration counts numerous former activists among its ranks, including Bureau of Land Management (BLM) Director Tracey Stone-Manning, who was connected to radical eco-activists concocting a tree spiking plot in Idaho in the late 1980s. BLM manages federally-controlled lands for uses like energy production and livestock grazing.

“It’s really problematic because it is completely ideologically driven and devoid of common sense and the realities that people are facing every single day. And I think, you know, of course, people do care about the environment. I, of course, as minister of the environment, I care that we’re doing the right thing for the environment that we’re leaving,” Schulz continued. “You know, the places that we live, and where we develop our resources from, we’re maintaining that for future generations. But I also know that we could not survive a day without oil and gas, or products made from oil and gas and petrochemicals. And that fact isn’t changing. That, in fact, is growing so, I think it’s pretty concerning that they are also then trying to essentially stifle any opinions or statistics or facts that don’t support their narrative.”

Canada is one of America’s biggest energy suppliers, providing about 52% of all gross oil imports in 2023 and exporting nearly three trillion cubic feet of natural gas to the U.S. in 2022, according to the Canadian Energy Centre. Most of the fuel comes to America via cross-border pipelines, though some is also delivered by rail or by sea, according to a 2021 report commissioned by the American Petroleum Institute.

The Keystone XL pipeline, a major project that would have helped bring oil from Alberta to refineries along the coast of the Gulf of Mexico in the U.S., was set to be a new expansion to the systems that bring Canadian energy to America.

However, activists waged a major pressure campaign against the project, and its developers ultimately scuttled it in June 2021 after the Biden administration nixed a crucial permit and generally showed minimal enthusiasm for the project upon entering office, according to The Associated Press.

“Projects like that, of that size and scope, obviously take a significant amount of political will,” Schulz said of Keystone XL. “And I think that was a hugely disappointing decision, because we know that market access matters for energy security and meeting the needs of, I would say, Canadians and Americans, and people around the world.”

Notably, Brent Sadler — a 26-year veteran of the U.S. Navy who now works as a senior research fellow for naval warfare and advanced technology at the Heritage Foundation — agrees with Schulz’s assessment that Keystone XL would have been a positive development for North American energy security.

In a recently-published report assessing American energy security in light of the Chinese Communist Party’s (CCP) geopolitical ambitions, Sadler argued that policymakers impose “unnecessary restraints” on cross-border energy interconnection, and that security interests would be better served if they instead “get out of the way” and “permit cross-border energy infrastructure projects such as the Keystone XL pipeline.”

For now, Schulz will turn much of her focus to the Trudeau government’s proposed emissions cap for the oil and gas industry, which could see the government require energy producers to slash their emissions by about 37% relative to 2022 levels by 2030, according to Reuters. Its opponents — many of whom are located in Alberta — are characterizing the policy as a thinly-veiled production cap that will severely hurt the province’s workers and regional economy.

If finalized, the policy “would kill thousands of jobs, I would say tens of thousands of jobs, just directly in conventional oil and gas, not to mention what we’re seeing in oil sands and, of course, other related industries,” Schulz told the DCNF. “We just have a federal government that doesn’t look at any socioeconomic data on the impacts that their policy would have … No competent, responsible government would see those numbers and move ahead with that cap, but that is, in fact, what our federal Liberal government is doing in Canada.”

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