Created to Reign

What are Natural Asset Companies, and why did 24 states fight to stop them? In this episode of Created to Reign, David R. Legates explains how NACs would turn the ecological “value” of forests, watersheds, and other natural areas into tradable corporate assets—placing control of land use in the hands of investors rather than owners. Proponents claim NACs unlock new money for conservation. Critics warn they threaten property rights, restrict access to land, raise food and energy prices, and op...