<$BlogRSDURL$>

Thursday, February 02, 2023

Water 

Wall Street investment firms are venturing into a space where there is ample opportunity for bad PR -- water rights.  A New York firm is buying land and water rights from the Colorado River and aiming to resell the liquid to needy farmers and towns.  Water is nearly everything along the river.  There is no growing and no cities without it.  The idea that absentee investors control who gets it and how much they have to pay is outrageous to those who depend on the river.  Look for state governments to step in -- soon.  As it is, the Federal government is in the middle of a fray to determine whose allotments are going to be cut with the diminished flow of the river.  It's a messy business without the investors.  Imagine what it will be with them.  


Comments:

Post a Comment

This page is powered by Blogger. Isn't yours?