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(Alysha Lundgren | St. George News) A cow stands in the woods near Panguitch, September 26, 2021.
St. George • Utah recently passed a bill that seeks to curb efforts to prioritize conservation of public lands.
The Public Land Use Amendment Act, designated HB 496 in the 2024 Congress, would require the Office of Public Land Policy and Coordination to implement multi-use uses on federal public lands in Utah, while opposing conservation as a use equivalent to recreation or grazing. It calls for the recognition and promotion of sustainable yields. .
Additionally, it prohibits natural asset companies from purchasing or leasing state public lands, owning or managing conservation leases, or purchasing or leasing ecosystem services.
Congressman Karl Albrecht sponsored the bill and drafted it in collaboration with the Office of Public Land Policy Coordination and Utah State Treasurer Marlo Oakes. Sen. Heidi Balderry, a co-sponsor of the bill, said it would not prevent natural asset companies from doing business on private land.
According to its website, Natural Assets Company is the brainchild of Intrinsic Exchange Group. Intrinsic Exchange Group is a “financial innovation company with a mission to enable sustainable, market-based solutions to some of the most difficult problems.”
To enable “positive investments in nature,” the company has created a natural asset company that can be formed by governments, private property owners, farmers and ranchers, businesses, and others.
To read the full story, visit StGeorgeUtah.com.
This article is published through the Utah News Collaborative, a partnership of Utah news organizations designed to inform readers across Utah.
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