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Committee moves bill to bar "natural asset" companies from trading Wyoming land interests on exchanges
Summary
The committee voted 8–1 to advance House Bill 93, which would bar so-called "natural asset companies" from monetizing conservation interests in Wyoming by selling credits or interests on public exchanges. Sponsors and witnesses described the proposal as a preemptive protection against potential future market mechanisms; witnesses said there is no
The Agriculture, State & Public Lands & Water Resources Committee voted 8–1 to advance House Bill 93, titled the Protect Wyoming's Lands Act, which would create a new chapter in title 17 prohibiting a class of entities described in the bill as "natural asset companies" from selling conservation interests or ecological-performance credits on national securities exchanges.
Supporters described the bill as a pre-emptive measure against a market model that industry sources and federal rulemaking once contemplated. "We support this bill," Keith Kennedy, representing the Wyoming Wheat Growers and Wyoming Wool Growers, told the committee, citing earlier activity…
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