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418

(post is archived)

[–] 3 pts (edited )
[–] 2 pts

To transition to a new economy

[–] 1 pt

The rackets these people can come up with!

[–] 2 pts (edited )

NACs will enable investors to allocate capital efficiently to meet their sustainability objectives

It's hard to keep track of their scams. One of my favorite, so far are weather derivatives. This allows people to bet on the weather. If you're an insider, you can cheat by using any number of systems to weaponize the weather, then it's no longer a bet but a way to steal.

By the way, capital no longer exists, it's fiat.

[–] 1 pt

Examples of natural assets that could benefit from the NAC structure include natural landscapes such as forests, wetlands and coral reefs, as well as working lands such as farms.

With NACs, the NYSE and IEG are now putting the totality of nature up for sale. While they assert that doing so will “transform our economy to one that is more equitable, resilient and sustainable”, it’s clear that the coming “owners” of nature and natural processes will be the only real beneficiaries.

https://archive.ph/NIQEm#selection-1841.0-1841.303