GOP continues probe of natural asset companies

By Scott Streater | 03/04/2024 06:29 AM EST

For the second time in a few weeks, House Republicans will hold a hearing on nature preservation investment plans.

Rep. Paul Gosar (R-Ariz.).

Rep. Paul Gosar (R-Ariz.), chair of the Natural Resources Subcommittee on Oversight and Investigations, will hold another hearing this week on companies focused on nature preservation. Jacquelyn Martin/AP

House Republicans are set to continue their investigation of a recently nixed proposal that would have allowed investors to trade companies with a focus on preserving nature.

The Natural Resources Subcommittee on Oversight and Investigations has scheduled a hearing this week focused on a Securities and Exchange Commission draft rule, withdrawn in January, that would have authorized so-called natural asset companies to trade on the New York Stock Exchange.

Congressional Republicans last week also filed legislation that would prevent the SEC from ever advancing a similar proposed rule in the future.


The withdrawn SEC proposal would have made it possible for investors to purchase shares of these natural asset companies, which would put a value on things like soil quality, climate stability and wildlife habitat.