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New York Investors Snapping Up Colorado River Water Rights, Betting Big on an Increasingly Scarce Resource

With the federal government poised to force Western states to change how they manage the alarming shortfall in Colorado River water, there is one constituency with a growing interest in the river’s fate that’s little known to some: Wall Street investors.

Private investment firms are showing a growing interest in an increasingly scarce natural resource in the American West: water in the Colorado River, a joint investigation by CBS News and The Weather Channel has found. For some of the farmers and cities that depend on the river as a lifeline, that interest is concerning. 

Western Reservoirs Could Run Dry in 3 Years, Top Official Warns

A top Centennial State official warned Colorado River Basin states that the system’s federal reservoirs could effectively empty in a few short years barring aggressive reductions to water demands.

Colorado River Water Conservation District General Manager Andy Mueller painted a bleak future for the basin’s seven states — Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming — on Friday, during his organization’s annual conference in Grand Junction, Colo., on the river’s future.

Colorado River Restoration Project Crawls Forward as Some Environmental Groups Call for Radical Change

The Colorado River Water Conservation District at a board meeting Tuesday voted to give $1 million of their taxpayer-raised funds to help construct the Colorado River Connectivity Channel, which will improve deteriorated conditions at the headwaters of the Colorado River.