Write For Us

Why Wall Street is Buying Up Land Around the Colorado River

Sponsored Post Vitamin D2 Canada Persia
36 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Wall Street firms like Water Asset Management are purchasing land around the Colorado River to obtain water rights. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.commondreams.org/wall-street-drought-profiteers-colorado-river-water

"Financial speculators are buying and selling rights to the Colorado River's dwindling water resources in a bid to profit as historic drought conditions intensified by the fossil fuel-driven climate crisis lead to worsening scarcity.

Wall Street investment firms "have identified the drought as an opportunity to make money," Andy Mueller, general manager of the Colorado River Water Conservation District, toldCBS News on Tuesday. "I view these drought profiteers as vultures. They're looking to make a lot of money off this public resource."

Matthew Diserio, the co-founder and president of a Manhattan-based hedge fund called Water Asset Management (WAM), makes no secret of his intentions, having described water in the United States as "the biggest emerging market on Earth" and "a trillion-dollar market opportunity." The company's website declares that "scarce clean water is the resource defining this century, much like plentiful oil defined the last."

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join


SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks
TWITTER: ☞ http://www.twitter.com/TheYoungTurks
INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks
TWITCH: ☞ http://www.twitch.com/tyt

???? Merch: http://shoptyt.com

❤ Donate: http://www.tyt.com/go

???? Website: https://www.tyt.com

????App: http://www.tyt.com/app

???? Newsletters: https://www.tyt.com/newsletters/


If you want to watch more videos from TYT, consider subscribing to other channels in our network:

The Watchlist https://www.youtube.com/watchlisttyt

Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt

Unbossed with Nina Turner https://www.youtube.com/unbossedtyt

The Damage Report ▶ https://www.youtube.com/thedamagereport

TYT Sports ▶ https://www.youtube.com/tytsports

The Conversation ▶ https://www.youtube.com/tytconversation

Rebel HQ ▶ https://www.youtube.com/rebelhq

TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA


#TYT #TheYoungTurks #BreakingNews

230201__TA03WallStreet
Category
Europe
Tags
230201__TA03WallStreet, News, Politics
Sign in or sign up to post comments.
Be the first to comment