“Some of the world’s largest investment banks, pension funds and insurers, including Manulife Financial Corp.’s John Hancock unit, TIAA and UBS, have been depleting California’s groundwater to grow high-value nuts, leaving less drinking water for the surrounding communities, according to a Bloomberg Green investigation. Wall Street has come to Woodville, wringing it dry.” Bloomberg (gift article) on the Groundwater
Gold Rush
. “Banks, pension funds and insurers have been turning California’s scarce water into enormous profits, leaving people with less to drink.” (This is all about growing nuts. Maybe regulators should grow some.)

+ “Depending on the plan, either California would be the most affected, or Arizona and Nevada would be parched.” US considers imposing Colorado River water cuts to western states.