How One Man Plans to Make Billions Selling Water from Mojave Desert to Drought-Stricken California

Scott Slater, CEO of Cadiz Inc., has a controversial plan. He wants to pump 814 billion gallons of water from the Mojave Desert to Los Angeles, San Diego and other drought-stricken communities in Southern California—making more than $2 billion in the process.

 

Slater’s company owns the water rights to 45,000 acres of land in the Mojave Desert, and he’s already secured contracts to sell the water for $960 per acre-foot (the amount of water it takes to cover an acre of land in a foot of water), according to The Guardian. At that price, the company stands to make $2.4 billion over the 50-year period of its water extraction deal with San Bernardino County.