Billionaire Farmers Scheming to Privatize California's Water Are Under Attack

Two devastating lawsuits have been filed this summer in an attempt to claw back hundreds of millions (and possibly billions) of dollars in ill-gotten profits. 

"By signing over control of a massive water holding facility, and the billions of gallons of government-subsidized water it could store, California's water officials created a loophole that allowed them to privatize water without actually doing so explicitly. Once the water entered the Kern County Water Bank, it stopped being a public resource and became a private commodity that could be sold to the highest bidder. Simply put, the transfer turned a small number of wealthy corporate farmers and agribusinesses into private water merchants."

For the full report see Water lawsuit.

Thanks for the tip to the Anonymous reader!  

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