Wall Street is thirsty for its next big investment opportunity: The West's vanishing water

Cibola is one place few Americans have ever heard of, which made it all the more surprising when an investment firm bought nearly 500 acres there.

By Lucy Kafanov, CNN, Mar 22, 2023

"'These companies aren't buying up plots of land because they want to farm here and be a part of the community, they're buying up land here for the water rights,' said Holly Irwin, a #Cibola resident and #LaPaz County district supervisor.

"'#Greenstone is going to make millions at the expense of what it's going to do to our communities in the future and the precedence it's going to set,' said Irwin. 'We are in the midst of an extreme drought, our communities need this water. At some point, the state has a responsibility to protect the people that are here and to protect our water and not cater to those that are buying property for the water rights to make millions off of it to benefit metropolitan areas.'"

#WaterIsLife #BigWater #Corporations #Capitalism #VanishingWater #WaterRights #WallStreet #InvestmentFirms

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https://www.accuweather.com/en/weather-news/wall-street-investment-buying-land-us-west-water/1501347