SE Wyoming News

WASHINGTON, D.C. – Senators John Barrasso and Cynthia Lummis, both Republicans from Wyoming, have expressed their satisfaction after the New York Stock Exchange (NYSE) decided to withdraw its proposal allowing Natural Asset Companies (NACs) to be listed on the exchange. The senators believe that this move will protect the interests of the state of Wyoming.

"The New York Stock Exchange’s overreaching proposal would have surrendered America’s public lands to the highest bidder," said Senator Barrasso. He further stated, "Axing this rule allows for the continuation of responsible land and resource management activities including mining, grazing, energy production, and timber logging across Wyoming."

Senator Lummis also praised the NYSE's decision, referring to it as a victory for Wyoming. She criticized the Biden administration for attempting a "land grab" and empowering radical environmental activists. She stated, "The Biden administration’s effort to weaponize NACs to lock up our public lands, hinder rural economies, and limit domestic energy production underscores the urgent need to defend our beautiful landscapes from elite green new deal extremists."

Last year, the NYSE proposed a rule, which was reviewed by the U.S. Securities and Exchange Commission (SEC), to allow NACs to be listed on the exchange. However, after facing backlash and concerns from stakeholders, the NYSE decided to withdraw the proposal.

This decision by the NYSE is seen as a significant victory for Wyoming and a setback for the Biden administration's environmental agenda. It allows for the continuation of various economic activities in the state, including mining, grazing, energy production, and timber logging.

The senators' concerns about the potential impact of NACs on Wyoming's natural resources and economy have been addressed with the NYSE's withdrawal of the proposal. The decision reflects the importance of responsible land and resource management in the state.

In conclusion, Senators Barrasso and Lummis applaud the NYSE for its decision to withdraw the proposal to list NACs on the exchange. They believe that this victory will safeguard Wyoming's interests and allow for the continuation of responsible land and resource management activities in the state.