Tag: investment
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Climate Change’s ‘Physical Risks’ Are Catching Up With Banks
A container ship navigates through the Miraflores locks of the Panama Canal on Nov. 3. Drought has led to restrictions on ships transiting the waterway. Photographer: Bloomberg The financial industry is waking up to the potential losses from extreme events and long-term changes in weather patterns. As the world veers further off course from its goal of limiting…
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US lawmakers Elizabeth Warren and Ro Khanna seek to ban trade in water rights
Private investors are poised to profit from water scarcity in the west. Photograph: Rich Pedroncelli/AP Bill would stop private investors, including hedge funds, farmers and municipalities, from profiting off water scarcity With private investors poised to profit from water scarcity in the west, US senator Elizabeth Warren and representative Ro Khanna are pursuing a bill to prohibit the…
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Bottled Water: The Private Equity Firm Tapping America’s Spring Water
Photo: Water pours out of a pipe beside one of the sites in the San Bernardino Mountains where the company BlueTriton Brands collects water for bottling. Photographer: Allen J. Schaben/Los Angeles Times/Getty Images BlueTriton Brands owns Poland Spring, Arrowhead and other bottled water brands. As it tries to grow, experts worry sensitive springs, creeks and…
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Tensions are bubbling up at thirsty Arizona alfalfa farms as foreign firms exploit unregulated water
Photo: Without pumping regulations, rural Arizona has become attractive both for foreign and U.S. farms to produce water-intensive crops, such as alfalfa. As large corporations like the Emirati agribusiness Al Dahra settle here, concerns grow about future water supplies from Arizona’s aquifers. (AP Video by Thomas Machowicz/Teresa de Miguel) A blanket of bright green alfalfa…
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Turning the Tide: The Digital Future of Water Management
Water management entities are turning to advanced digital tools to conserve the world’s most precious resource. Photo: Sustainable water management requires revisiting policies, investing in infrastructure, and embracing data-driven processes. “California Water Wars” might sound like a new reality show for 2023, but in fact, this conflict took place more than 100 years ago, when…
