Harvard Quietly Amasses California Vineyards—and the Water Underneath

Discussion in 'Wall St. News' started by Altavest_Erik, Dec 11, 2018.

  1. Harvard’s bet has proven prescient. The $39 billion fund, among America’s biggest endowments, now values its vineyards at $305 million, up nearly threefold from in 2013, while its overall natural-resources investments have done poorly.

    The wager has also earned backlash from some farmers and other locals who fear Harvard eventually will use up groundwater and unduly influence water-use regulations. “Should they be controlling our groundwater plans?” says Debbie Arnold, a San Luis Obispo County supervisor. “I don’t think so.”

    https://www.wsj.com/articles/harvar...-vineyardsand-the-water-underneath-1544456396
     
  2. That's the plan...use up all the groundwater so the rest of CA turns to a dustbowl and then yell "See! Climate change!! We told you! Now give us $1 trillion to fight it."
     
    murray t turtle likes this.
  3. A manufactured crisis seeking a solution?
     
  4. %%
    CA has seen some hot trends; many people leaving. But thats not climate change LOL:D:D