California’s new governor looked at the rainfall and saw millions of dollars in uncollected water taxes going right down the drain. In one of his first moves as chief executive, Newsom declared that he wants to tax the state’s drinking water, in order to give poor people access to safe and affordable water. I guess this is his idea of trickle-down economics.
More than ever, water’s true value as a finite and precious resource is starting to be realised, and a growing number of investors are paying attention. There are plenty of examples of water risk. Campbell Soup Company took a hit in its quarterly earnings recently, due to an acquisition of a California fresh food company that was pummeled by the California drought.
Far less settled is how Newsom will fill his administration’s most important positions regarding state water policy. One of Newsom’s key tests confronts him immediate: State Water Resources Control Board Chair Felicia Marcus’ term expires this week.
Arcadis has announced it will partner with Kiewit Infrastructure West and PERC Water to serve as the progressive design-build team for the Sustainable Water Infrastructure Project (SWIP) in the City of Santa Monica, Calif. Currently, the city partially relies on imported water to meet its water needs. This project will allow the city to take a major step toward water independence, supporting existing programs designed to create a sustainable water supply
Nasdaq, along with Veles Water and WestWater Research, has announced the launch of the Nasdaq Veles California Water Index (NQH2O), the first of its kind water index that benchmarks the price of water in a way that supports price discovery and enables the creation of a tradable financial instrument.
Rising sea levels are not only going to increasingly flood parts of Long Beach, but could leave the most vulnerable neighborhoods uninhabitable within a generation or two, according to a city presentation Monday night that drew more 300 residents concerned about the city’s — and their own — future.
You can now register for our full slate of water tours for 2019, including a new tour along California’s Central Coast to view a river’s restoration following a major dam removal, check out efforts to desalt ocean water, recycle wastewater and manage groundwater and seawater intrusion.
A lawsuit seeking a new environmental report for the controversial Poseidon desalination plant proposed for Huntington Beach was rejected by a Sacramento Superior Court judge on Tuesday. Judge Richard Sueyoshi found the supplemental report met legal requirements while noting the 2010 study had never been legally challenged.
Top Monterey County officials met in early 2011 to discuss ways to dump the Marina Coast Water District from the regional desalination project, raising questions about the county’s efforts to make the three-pronged project partnership work and potentially affecting civil litigation aimed at unraveling the failed proposal.
“Former Monterey County water board member Steve Collins has filed a federal civil rights lawsuit against the county, California American Water and top officials in connection with his dual role on the failed regional desalination project.”
“Timothy Quinn is with the Association of California Water Agencies, or ACWA. He says planned Central Valley water recycling projects and a water desalination project in San Diego are welcome, but he says conservation is equally important.”
“The crews are building what boosters say represents California’s best hope for a drought-proof water supply: the largest ocean desalination plant in the Western Hemisphere. The $1 billion project will provide 50 million gallons of drinking water a day for San Diego County when it opens in 2016.”
“Thanks to improved technology, turning ocean water into freshwater is becoming more economically feasible. And a looming global water crisis may make it crucial to the planet’s future.
‘Whenever a drought exacerbates freshwater supplies in California, people tend to look toward the ocean for an answer,” said Jennifer Bowles, executive director of the California-based Water Education Foundation.’”