Republicans air grievances on ‘natural asset companies’

By Scott Streater | 02/16/2024 06:35 AM EST

A withdrawn nature preservation investment plan has sparked Republican outcry.

Rep. Harriet Hageman (R-Wyo.).

Rep. Harriet Hageman (R-Wyo.) had sharp questions Thursday for a Bureau of Land Management adviser on investment in companies that focus on conservation. Francis Chung/POLITICO

Republicans at a House hearing Thursday lashed out at the Biden administration for not providing answers about a recently nixed proposal that would have allowed investors to trade companies with a focus on preserving nature.

The frustration was due primarily to the fact that numerous administration officials were a no-show at Thursday’s Natural Resources Subcommittee on Oversight and Investigations hearing.

Commerce Secretary Gina Raimondo declined an invitation to testify before the subcommittee, though she did agree to submit a written statement after the hearing.


Shalanda Young, director of the White House Office of Management and Budget, and Arati Prabhakar, director of the Office of Science and Technology Policy, were also invited and declined to attend.