Red-baiting water speculator plans to drain the Mojave of its ancient water

Scott Slater, a former water lawyer, is the CEO of Cadiz, Inc, a hedge-fund-backed company that's purchased the water rights for 45,000 acres of the Mojave on Route 66, 75 miles northeast of Palm Springs. He wants to pump 814 million gallons of ancient water out of the desert and send it to drought-stricken southern California, where he can soak the thirsty millions for $2.4 billion. (more…)