The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water

The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water

This article was first published on December 21, 2012, by Market Oracle and Global Research

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays … [more…]

Wall Street spends millions to buy up Washington state water

Wall Street spends millions to buy up Washington state water

Photo: Don Lundgren’s family ranch sits next to the Chewuch River. Lundgren hoped to sell water rights to Crown Columbia for potential use beyond the Methow Valley, in the distance. (Steve Ringman / The Seattle Times)

WINTHROP, Okanogan County — Follow the water and you’ll find the money.

That’s how it often works in the dusty rural corners of Washington, where a Wall Street-backed firm is staking an ambitious venture … [more…]

The Colorado River: A Lifeline Running Dry

Video frame: Colorado River - Resource Running Dry?

A drought in the western United States created a battle over resources, as private landowners compete with the public over access to freshwater supplies.

In April of 2015, California’s governor, Jerry Brown, announced a series of mandatory restrictions, forcing residents to reduce their water usage by 25 percent in the coming year. But despite playing a massive role in depleting local water supplies, the state’s powerful agriculture industry has been … [more…]

Harvard Reportedly Buying Up California’s Vineyards—and Their Water Rights

photo:vineyard in California, where Harvard is buying wineries and their water rights.

Harvard University’s endowment is reportedly buying up vineyards in California’s wine country, along with the water rights belonging to those properties.

Instead of making the land purchases in its own name, Harvard is using a wholly owned subsidiary—named Brodiaea after the scientific name for the cluster lily —to buy vineyards. Harvard created Brodiaea in 2012, and by 2015 the unit had already purchased 10,000 acres in Santa Barbara and San … [more…]

New “Water Barons”: Wall Street Mega-Banks Buying the World’s Water

This article was first published on December 21, 2012 by Market Oracle and Global Research

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

photo: tap water. Investors and institutions appear to be buying water rights and related businesses and resources around the world. Is water the new oil?

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays … [more…]