facebook-pixel

Exclusive: Hedge funds eye water markets that could net billions, as levels drop in Lake Powell

Reservoir levels sit at just 40% of capacity. Will private equity attempt to rewrite Western water law?

(Francisco Kjolseth | The Salt Lake Tribune) The Colorado River flows into Lake Powell near Hite Marina on Thursday, Feb. 4, 2021. The reservoir is only 40% full and continued surging demand combined with the ravages of a drying climate signal a water crisis in the not-too-distant future. Wall Street investors see the an opportunity to capitalize on a whole new commodities trading market.