In the past decade, scientists have been saying that hydraulic fracturing, or fracking, causes earthquakes, contaminates groundwater and increases hydrocarbon emissions. Now, a study shows that the drilling practice requires much more water than was originally thought.
The California Water Commission approved $2.7 billion to fund water storage projects across the state. Whether any will be built is another matter, however. The plan is to award water bond funding based on strict guidelines that many of the projects may not meet.
For nearly 20 years, California’s Central Valley residents have grappled with arsenic in their tap water at levels that can cause cancer and other diseases. Now, researchers are suggesting that the state’s ground is sinking, and that this could be exacerbating the arsenic levels.
July 25, 2018 marks Rural Community Assistance Corporation (RCAC) Loan Fund’s 30th anniversary. RCAC created the Loan Fund in 1988 with an initial $1 million investment from the Ford Foundation. An additional $1 million loan (later converted to a grant) from Bank of America boosted lending capital. The Loan Fund was later certified as a Community Development Financial Institution (CDFI).
California WaterFix, the massive water project that will construct two tunnels to deliver Sacramento River water from northern California to the southern half of the state got an $11 billion investment from water regulators in Los Angeles.