Utah Treasurer takes victory lap after stock exchange pulls ESG rule

Utah State Treasurer Marlo Oaks discusses his efforts to repeal a proposed rule by the New York Stock Exchange to the Securities and Exchange Commission (SEC) that would have created "natural assets companies," created for the purpose of purchasing land and blocking its "unsustainable extractive activities." Oaks push backed on the proposal on multiple grounds, including the high potential for misuse or nonuse of natural resources, ethics concerns, and ultimately the extensive administrative overreach. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.