https://www.waternewsnetwork.com/wp-content/uploads/2018/02/water-news-network.png 0 0 Ed Joyce https://www.waternewsnetwork.com/wp-content/uploads/2018/02/water-news-network.png Ed Joyce2018-03-07 09:06:542018-06-26 17:51:08Loan To Jared Kushner Raises Questions About California Water Project
Loan To Jared Kushner Raises Questions About California Water Project
Followers of the ecologically dubious and largely pointless Cadiz water project in the Mojave Desert might have pricked up their ears last week at reports of a possible conflict of interest involving Jared Kushner, President Trump’s son-in-law, and the investment firm Apollo Global Management. That’s because Apollo is a sizable investor in Cadiz, which has received favorable regulatory treatment from the Trump administration after years of thumbs-down rulings under the Obama administration and from local and state officials. Apollo and Cadiz announced the $60-million investment, along with a “conditional” $240 million in construction financing, on May 2.