Wall St wants to own the Colorado River…

Wall St wants to own the Colorado River…

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Is water the new oil? Wall Street investment firms buy up rights to scarce water throughout the West 07:43 With the federal government poised to force Western states to change how they manage the alarming shortfall in Colorado River water, there is one constituency with a growing interest in the river's fate that's little known to some: Wall Street investors. Private investment firms are showing a growing interest in an increasingly scarce natural resource in the American West: water in the Colorado River, a joint investigation by CBS News and The Weather Channel has found. For some of the farmers...
Source: https://www.cbsnews.com/news/new-york-investors-snapping-up-colorado-river-water-rights-betting-big-on-an-increasingly-scarce-resource/