Sustainability

How Water Scarcity Threatens the Global Economy

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When Bob Seawright moved to San Diego 27 years ago, the only thought he gave to water was about the glistening swimming pool in his backyard. These days, water—or the lack of it—is a fact of daily life. Seawright has twice been forced to evacuate his home in the suburb of Rancho Bernardo due to the threat of wildfires. And the lush vegetation that once adorned the surrounding landscape has given way to dirt, hardy ground cover, and rocks.

“We have changed all of the shrubbery and ground cover to make it much more ‘water wise,’ ” says Seawright, chief investment officer of Madison Avenue Securities, and one of the 90 million Americans living under drought conditions.

 

 

Source: Barrons.com

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