The Biden Administration has recently unveiled the Landsat 2030 Initiative, a project aimed at gathering data on Earth's natural features. However, the initiative has faced criticism as it could potentially be used to categorize lands as Natural Asset Companies (NACs), according to an article from the American Stewards of Liberty (ASL).
As per the ASL website, the Biden administration launched the Landsat 2030 initiative under the leadership of Vice President Kamala Harris. This international partnership involves the U.S. Geological Survey (USGS) and NASA.
ASL stated that this initiative is in line with the administration's "National Strategy to Develop Statistics for Environmental Economic Decisions," which includes agencies such as USGS and NASA. The strategy seeks to establish "Natural Capital Accounts" to evaluate the value of natural processes for federal accounting purposes. The administration asserts that both Landsat 2030 and the National Strategy are essential for climate stability and a healthy planet.
The article further explained that Landsat, a satellite system, collects data on Earth's features, contributing to environmental sustainability, climate change resilience, and economic growth. While it provides data for environmental and economic purposes, ASL suggested that the Biden Administration's data collection on natural assets might be utilized for increasing national debt, implementing new taxes, and forming an asset base for investment products like NACs.
In a recent interview on the Glenn Beck Radio Show, Utah Treasurer Marlo Oaks expressed his views on the 30x30 agenda and NACs. He said, "You see the entire government apparatus pushing this goal to really permanently -- essential economic activity on our land and really lock up our natural resources. It's incredibly disruptive."
According to Federal Newswire, NACs are a newly proposed rule currently under review by the Securities and Exchange Commission (SEC). Developed by Intrinsic Exchange Group (IEG) in collaboration with New York Stock Exchange (NYSE), this type of investment aligns with the 30x30 initiative, which aims to permanently protect 30 percent of Earth's land and oceans by 2023.
CPAC reported that NACs aim to manage, maintain, or restore both public and private lands to enhance ecosystems. These investments assign a monetary value to the resulting benefits, such as improved air quality or enhanced wildlife habitats.
ASL, as described on its website, is a non-profit organization dedicated to protecting private property rights and the corresponding freedoms they bring to individuals. The organization scrutinizes policies that could potentially impede Americans' ability to produce resources. ASL also engages with the environmental movement and supports individual land use decisions over exclusive reliance on administrative state decisions.
