The story of how two Beverly Hills farmers privatized water in California
From TODAY:
The pistachio tycoons who guzzle more water than all of fire-hit LA
Claims about a billionaire couple hurting efforts to fight the L.A. fires via their 'control' of the water supply are false
From TODAY:
Now, with the current wildfires:Quote:
A group of water oligarchs in California have engineered a disastrous deregulation and privatization scheme. And they've pulled in hundreds of millions of taxpayer dollars without any real public outrage. The amount of power and control they wield over California's most precious resource, water, should shock and frighten us and it would, if more people were aware of it. But here is the scary thing: They are plotting to gain an even larger share of California's increasingly-scarce, over-tapped water supply, which will surely lead to shortages, higher prices and untold destruction to California's environment.
The leader of these recent water privatization efforts in California is a Beverly Hills billionaire named Stewart Resnick. Stewart and his wife, Lynda Resnick, own Roll International Corporation, a private umbrella company that controls the flowers-by-wire company Teleflora, Fiji Water, Pom Wonderful, pesticide manufacturer Suterra and Paramount Agribusiness, the largest farming company in America and the largest pistachio and almond producer in the world. Roll Corp. was ranked #246 on Forbes' list of America's largest private companies in 2008 and had an estimated revenue of $1.98 billion in 2007.
But there is a gaping hole in most accounts of the jet-set Baby Boomer couple: their company, Roll International, is one of the largest, if not the largest, private water brokers in America. Through a series of subsidiary companies and organizations, Roll International is able to convert California's water from a public, shared resource into a private asset that can be sold on the market to the highest bidder.
The pistachio tycoons who guzzle more water than all of fire-hit LA
But, money has bought some political "fakt-chekkers"...Quote:
The wildfires engulfing Los Angeles have put an uncomfortable spotlight on two of its richest residents Stewart and Lynda Resnick agriculture tycoons whose farms guzzle a vital and scarce resource: water.
So far, the Resnicks' Beverly Hills mansion, and the Picasso artworks that adorn its walls, have been spared the nearby Palisades and Eaton fires, even as their celebrity neighbors' homes go up in smoke.
But they cannot so easily escape criticism for their agriculture empire, which sucks up more water than whole cities, even as LA firefighters cannot get a drop of the stuff out of the hydrants that line its streets.
Critics say these so-called 'Beverly Hills farmers,' and their ties to Democratic Gov. Gavin Newsom and other politicians, may be among the reasons that California is battling such an environmental apocalypse.
'The Resnicks are powerful and their control of so much water is ridiculous,' filmmaker Yasha Levine, co-director of the forthcoming documentary Pistachio Wars, told DailyMail.com.
'How can one family own more water than the entire city of Los Angeles, almost 4 million people, uses in one year?'
Claims about a billionaire couple hurting efforts to fight the L.A. fires via their 'control' of the water supply are false
Forbes also has a piece negating the claims, but it is behind a paywall. LOL. I have no idea which part(s) of the story are correct, but if this family is truly restricting water usage for firefighting due to backdoor deals with demorat politicians, I hope this awakens more than a few of the multi-million dollar mansion owners who lost everything in this fire. Burn ALL of kalifornia to the ground (politically).Quote:
Almost as soon as the unprecedented scale of the Los Angeles wildfires hit the public's awareness, SJV Water started getting some pretty out there emails and texts alleging that Lynda and Stewart Resnick "own" 60% (75%, even 80%) of California's water and were somehow "hoarding it" so it couldn't be used to put out the flames.
No. This is absolutely false information.
The Resnicks and their $6 billion farming company, the Wonderful Company, do not own or control anywhere near that percentage of water in California. And what they do own or control, has nothing to do with the Los Angeles region's supplies.
In fact, it's fairly ironic that the very people often accused of selling the San Joaquin Valley's water to LA for profit, are now accused of keeping it from the same region.
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“Those who cannot change their minds cannot change anything.”
- George Bernard Shaw
“Those who cannot change their minds cannot change anything.”
- George Bernard Shaw