First, they depleted their freshwater aquifers. Now, companies from the Middle East are pumping up limited water supplies in the Arizona desert and exporting it back to Saudi Arabia and elsewhere in the form of hay.
The world’s freshwater supply is under increasing demand, and an investor featured in “The Big Short” is betting prices will rise dramatically in the coming years.
Arizonans are debating what actions to take after a Reveal investigation showed the state’s limited aquifers are being drained to grow and ship crops overseas.
Saudi Arabia’s once massive underground aquifer system is drying up due to years of overpumping. And California, in the midst of a drought, is heading