It
is with great hope that Southern California could see above-average rainfall in
the winter months ahead, but it won’t be enough to overcome the drought that
meteorologists are saying will likely continue or intensify in many parts of
the state. Mike Halpert, acting director of the National Oceanic and
Atmospheric Administration’s Climate Prediction Center, adds, “The drought has
been so severe and so long-lasting that it’s going to take more than one year
to get you back to normal.”
Cadiz
works on behalf of its shareholders by operating as a land and water resource
development company in the United States. The company focus is on the water
resource, land and agricultural development activities in San Bernardino
County. It owns 34,000 acres of land, including subsurface areas that involve
unsaturated soils and additional water rights in the Cadiz and Fenner valleys.
In addition, CDZI also owns 11,000 acres in the eastern Mojave Desert in eastern
San Bernardino County. Additionally, the company is involved in the cultivation
of lemons and grapes/raisins, and spring and fall plantings of vegetables on
the Cadiz Valley properties.
As
with nearly all activity involving our environment, there have been voices of
opposition to the company’s current Cadiz Valley Water Conservation, Recovery
and Storage Project. Amid challenges of this nature, Cadiz has established a
track record affirming its mission objectives at the highest levels for being a
company that acts in an environmentally benign and acceptable fashion since
1983.
Wes
May, Executive Director, Engineering Contractors Association, has commented,
“The Cadiz Project is a strong example of private investment for public good,
and will bring a reliable local Southern California water supply to
approximately 400,000 people in the region. Designed to minimize the building
footprint and with no long-term impacts to the desert environment, this project
represents sustainable design and a tangible and long lasting improvement to
the local water supply.” Commenting further was Inland Empire Economist, Dr.
John Husing. “The construction phase of the Cadiz Valley Water Project would
create a cumulative total of nearly 6,000 direct, indirect and induced jobs over
the four years of effort, to tap into San Bernardino County’s extensive labor
supply, where the high desert unemployment was 16.4% in March 2011. It would
also support local manufacturers of materials used in construction of wells,
pipelines, and power generation, with a net local four year economic impact of
$878 million.”
CDZI
has been a part of the eastern Mojave Desert community for over 25 years and is
proud of a track record that points to its commitment to protecting the desert
environment. As part of this commitment, the company pledges to manage the
aquifer systems beneath its properties in a sustainable manner, to conserve
water, to explore solar power opportunities and to continue to use sustainable
agricultural practices. CDZI’s innovative Cadiz Valley Water Project is
dedicated to providing a new local solution to meet Southern California’s water
needs, while also protecting the long-term safety of the desert. The company
has pledged to be guided by a Green Compact, which commits to the permanent
preservation of lands, dedication of a portion of the land for solar power
development, stringent plans for sustainable groundwater management and habitat
conservation, and the dedication of water to restoring endangered aquatic
ecosystems in California and the Colorado River basin. The company’s vision is
one of a green company that works as a partner with the environment while
aspiring to be a model to other private sector companies in the renewable
resources business.
For
more information on the company, visit www.cadizinc.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
