Tue, Jul 22, 2014, 12:00 PM EDT - U.S. Markets close in 4 hrs.


% | $
Click the to save as a favorite.

Cadiz Inc. Message Board

  • tex7779 tex7779 May 13, 2014 5:36 AM Flag

    Pacific Institute comments to the EIR for the Cadiz water project - dated April 13, 2012 - Part I

    Pubilshed: April 13, 2012
    Authors: John Bredehoeft, Newsha Ajami

    Plan to Tap Groundwater for Profit
    Shows Need for Better State Policy
    By John Bredehoeft and Newsha Ajami
    Op Ed in the Sacramento Bee
    April 13, 2012

    Imagine a lake half as large as Lake Tahoe, containing 17 million to 34 million acre-feet of water. That is what lies under the Cadiz and Bristol valleys in the Eastern Mojave Desert in San Bernardino County. Cadiz Inc., a privately held company, owns 34,000 acres that overlie this vast groundwater basin. The company plans to extract 2.5 million acre-feet of the water, a public good, over the next 50 years and sell it back to the public at a profit.

    This project raises several concerns, some of which are directly related to the project while others point to the need for a public debate and discussion about California’s groundwater laws.

    Here are some facts about the project: Cadiz is proposing to extract on average 50,000 acre-feet of groundwater from the basin each year for 50 years. The intended rate of extraction of groundwater is significantly greater than the estimated natural recharge rate (the speed that groundwater is refilled naturally by rain and snow) of 5,000-32,000 acre-feet a year, which will lead to unsustainable mining of groundwater during the life of the project. The groundwater will go into a 43-mile-long pipeline to transport it to the Colorado River Aqueduct, where it will be distributed to several water utilities in Southern California.

9.3499+0.6099(+6.98%)11:55 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.