Musk cabinet meeting today

[Pete F.]

Not just fisheries

Trump wants to sell off public lands so he can build a sovereign wealth fund. What am I bid for Yosemite? Yellowstone? The Grand Canyon?
Simply increasing the leasing of natural resources will not be enough to seed an SWF. Leasing for oil and gas, timber, mining, and grazing brought in less than $17 billion in 2024. Oil and gas production is already at record levels, and the oil and gas industry has said it will not increase drilling substantially to avoid hurting its profit margins. To generate hundreds of billions or trillions of dollars, the Treasury Department will find that selling public lands to the highest bidders is the only way to raise that kind of money quickly.

Selling public lands has long been on the agenda of the antiparks caucus, and some Republicans in Congress and in states have worked to undermine federal ownership of lands. For example, Utah’s governor asked the Supreme Court to rule federal land ownership unconstitutional; the court declined to hear the case in January 2025. The Republican Party platform includes selling federal lands for housing development. The U.S. House of Representatives adopted new rules that free it from having to consider the value of public lands if they are sold. These rules would make it easier for the Trump administration to give public lands over to the Treasury and Commerce departments to see how much money they could make to grow the SWF.

Land sell-off and the privatization of public lands to this extent would deprive Americans and local economies of the access to nature and resources that sustain them. Giving money managers and financiers control over land management is more than just a land grab; it is an attack on the democratic and meritocratic ideals that make America great. The future of U.S. public lands—and the values they represent—depends on the willingness of Congress and the American public to stand up and defend public ownership and multiple uses, including for conservation, recreation, and wonder.
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