Some feel like it’s something straight out of a dystopian movie. Others say it’s already happening: out-of-state companies purchasing Colorado water rights as an investment for when water gets so scarce that the price skyrockets.
Sen. Kerry Donovan represents the 5th District in the state Senate.
“Water speculators aren’t in the business of using the water, they’re in the business of owning the water for future times when they can sell it,” said state Sen. Kerry Donovan, a Vail Democrat. “And that’s why you see hedge funds coming into the state and buying water in a portfolio. That is what is concerning me.”
Anti-Speculation Law Work Group Member: Kate Ryan, senior attorney, Colorado Water Trust
To read the full article, click here: https://patch.com/colorado/across-co/water-speculators-could-face-more-obstacles-based-work-new-group