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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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Alberta

Boreal forests could hold the key to achieving Canada’s climate goals

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This article supplied by Troy Media.

Troy Media By Science and Technology Desk

New study finds billions more trees than expected, making boreal forests a bigger carbon sink than we thought

Canada’s boreal forests may be far more resilient to climate change than previously believed, with new research showing they contain billions more trees than past estimates, potentially boosting Canada’s natural defences in the fight against global warming.

Spanning from Yukon to Newfoundland, the boreal forest is one of the largest intact ecosystems in the world. It plays a crucial role in absorbing carbon dioxide, protecting biodiversity and supporting Indigenous and rural communities.

A new University of Alberta study provided the most accurate estimate to date of how many trees populate the boreal region, reducing long-standing uncertainties in forest carbon modelling and management.

The result: 277 billion trees across the boreal zone, including 30 billion in Alberta—31 per cent more than estimated in a major 2015 global study.

“Our research provides by far the most accurate and credible answer to the question of how many trees are in our boreal forests,” said study lead Fangliang He, a forest ecologist and Canada Research Chair in Biodiversity and Landscape Modelling.

“Knowing that there are 31 per cent more trees than previously estimated suggests our boreal forests have greater capacity to mitigate climate change.”
Tree counts like this help scientists and policymakers understand how much carbon forests can absorb and store, critical for estimating how large a role boreal ecosystems can play in national emissions strategies.

To improve on the earlier global estimate, He’s team compiled data from a record 4,367 tree plots across Canada and Alaska, compared with just 346 used in the 2015 study.

“This provides a large set of data with extensive geographic coverage in North America,” He said.

To measure trees 10 centimetres or larger in diameter—the same threshold used in the 2015 analysis—He and his team used an artificial intelligence algorithm to develop competition-based models that included tree height, a key indicator of forest competition. The use of AI allowed the researchers to detect patterns that traditional methods might miss.

“These innovative models represent a major advance in improving the accuracy of estimating tree count.”

The researchers also projected future tree density under a range of climate scenarios to see how the boreal forest might respond to a warming planet. The findings were surprising: under increasingly warmer conditions, tree density in the boreal forest would rise overall by at least 11 per cent by 2050.

“This result suggests that boreal forests might be more resilient to climate change than we thought,” He said.

The study, he added, underscores the need for better data and forecasting tools to support forest management and climate policy.

While the federal government has pledged to plant two billion trees by 2030, He said that effort is nowhere near enough.

“That number only accounts for 0.83 per cent of our estimated total number of 240 billion boreal trees in Canada, speaking to the mitigation challenge through tree-planting,” he said.

At current planting rates, he said, it would take centuries to match the natural regeneration and density needed to make a measurable impact.

“Protection of natural forests is the best nature-based solution.”

The study contributes to a growing body of research using artificial intelligence to model complex ecological systems, and could influence Canada’s future forestry and climate strategies.

Science and Technology Desk

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country

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Alberta

Energy projects occupy less than three per cent of Alberta’s oil sands region, report says

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From the Canadian Energy Centre

By Will Gibson

‘Much of the habitat across the region is in good condition’

The footprint of energy development continues to occupy less than three per cent of Alberta’s oil sands region, according to a report by the Alberta Biodiversity Monitoring Institute (ABMI).

As of 2021, energy projects impacted just 2.6 per cent of the oil sands region, which encompasses about 142,000 square kilometers of boreal forest in northern Alberta, an area nearly the size of Montana.

“There’s a mistaken perception that the oil sands region is one big strip mine and that’s simply not the case,” said David Roberts, director of the institute’s science centre.

“The energy footprint is very small in total area once you zoom out to the boreal forest surrounding this development.”

Image courtesy Alberta Biodiversity Monitoring Institute

Between 2000 and 2021, the total human footprint in the oil sands region (including energy, agriculture, forestry and municipal uses) increased from 12.0 to 16.5 per cent.

At the same time, energy footprint increased from 1.4 to 2.6 per cent – all while oil sands production surged from 667,000 to 3.3 million barrels per day, according to the Alberta Energy Regulator.

The ABMI’s report is based on data from 328 monitoring sites across the Athabasca, Cold Lake and Peace River oil sands regions. Much of the region’s oil and gas development is concentrated in a 4,800-square-kilometre zone north of Fort McMurray.

“In general, the effects of energy footprint on habitat suitability at the regional scale were small…for most species because energy footprint occupies a small total area in the oil sands region,” the report says.

Researchers recorded species that were present and measured a variety of habitat characteristics.

Image courtesy Alberta Biodiversity Monitoring Institute

The status and trend of human footprint and habitat were monitored using fine-resolution imagery, light detection and ranging data as well as satellite images.

This data was used to identify relationships between human land use, habitat and population of species.

The report found that as of 2021, about 95 per cent of native aquatic and wetland habitat in the region was undisturbed while about 77 per cent of terrestrial habitat was undisturbed.

Researchers measured the intactness of the region’s 719 plant, insect and animal species at 87 per cent, which the report states “means much of the habitat across the region is in good condition.”

While the overall picture is positive, Roberts said the report highlights the need for ongoing attention to vegetation regeneration on seismic lines along with the management of impacts to species such as Woodland Caribou.

Researchers with the Alberta Biodiversity Monitoring Institute in the oil sands region of northern Alberta. Photo courtesy Alberta Biodiversity Monitoring Institute

The ABMI has partnered with Indigenous communities in the region to monitor species of cultural importance. This includes a project with the Lakeland Métis Nation on a study tracking moose occupancy around in situ oil sands operations in traditional hunting areas.

“This study combines traditional Métis insights from knowledge holders with western scientific methods for data collection and analysis,” Roberts said.

The institute also works with oil sands companies, a relationship that Roberts sees as having real value.

“When you are trying to look at the impacts of industrial operations and trends in industry, not having those people at the table means you are blind and don’t have all the information,” Roberts says.

The report was commissioned by Canada’s Oil Sands Innovation Alliance, the research arm of Pathways Alliance, a consortium of the six largest oil sands producers.

“We tried to look around when we were asked to put together this report to see if there was a template but there was nothing, at least nothing from a jurisdiction with significant oil and gas activity,” Roberts said.

“There’s a remarkable level of analysis because of how much data we were able to gather.”

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