Environment

One day, a land broker mentions an idea. How about granting a long-term lease to a company that values your property for the same reasons you do: long walks through tall grass, the calls of migrating birds, the way it keeps the air and water clean.

In fact, it’s an approach backed by hardheaded investors who think nature has an intrinsic value that can provide them with a return down the road

Such a company doesn’t yet exist. But the idea has gained traction among environmentalists, money managers and philanthropists who believe that nature won’t be adequately protected unless it is assigned a value in the market

This makes me want to fucking cry, or scream, or set fire to investors, or maybe all of the above.

Leaving aside the horror of these people essentially encouraging others to only care about what has a monetary value, you cannot create a market for repairing damage, without also inherently assigning value to the damage itself, since without the damage, there is nothing to repair. No one who participates in investment markets is going to park their money in something that isn't going to grow, just for funsies. If there's not an ROI, they're not going to put money into it.

So keeping already-pristine nature pristine is out. They'll want to invest in things which are in a bad state, and have potential for increasing their 'value' to being in a good state. That is the express purpose laid out by the IEG "Intrinsic Exchange Group", which is the group that the NYSE is using to determine the 'value' of natural assets.

And to be be clear, I'm not worried about someone going and starting a forest fire just so they can invest in some forest growth fund- I'm sure that would happen as well, but that's not the biggest danger- I'm worried about investors double-dipping with their investments; investing in PG&E growth, knowing that the investment will allow them to set up more lines, and then also investing in the recovery from the inevitable increase in fires. Investing in oil companies, and then praying for oil spills so they can 'invest' in the affected areas' recovery.

If you read a little deeper into NACs, it starts to reek of the same ponzi-scheme valuation that crypto and its derived EFTs do: you invested in an area of land to recover, and now it has, and the supposed value of your shares increased. You want to extract your gains. Who is going to buy it from you now, and why? The only answer is, "someone who thinks the value will go up even more". This continues until no one else is willing to pay you more for the share, at which point they're stuck holding the bag.

Literally every day there is another company laying people off 6 months after doing stock buybacks, exchanging livelihoods for investor returns. There is no immoral action they will not take, if they think they can legally profit off it.

it’s part of a larger movement motivated by the belief that if natural riches are to be preserved, they must have a price.

Yes, everyone is aware that Capitalism will destroy everything it can't profit from. The insane solution is to simply make everything (that they care about) profitable. The sane solution is to get rid of the system doing the destroying.

I'm not a religious person, but I agree wholeheartedly with the Bible in this:

For the love of money is the root of all evil

Believing that you can make Capitalistic greed serve the greater good, like this is trying to do, is the height of hubris and naivety.