As 'Net-Zero' Comes a Cropper, a New Threat Arises Elizabeth Nickson If not stopped, on November 17th, the U.S. government will pass a rule that allows for America’s protected lands, including parks and wildlife refuges, to be listed on the N.Y. Stock Exchange. Natural Asset Companies (NACs) will be owned, managed, and traded by companies like BlackRock, Vanguard, and even China. Since the early 2000’s, outfits like Goldman Sachs have been trying to trade air, or specifically carbon without much success. Their 2005 carbon exchange staggered along until it was quietly discontinued, and their Climate Exchange-Traded Fund (ETF) is now facing delisting . "ESG" was the next attempt to monetize the un-monetizable, with the "E" part of that acronym standing for Environment, ill-defined as that was. Now ESG is failing . Market leaders say it is facing "a perfect storm of negative sentiment" and its U.S. investments fell by $163 billion in the fir