Finance

That’s Nuts: Almond Boom Strains California Water Supply

Publication: NBC News   Date: June 22, 2014   View Article

Asia’s love of nuts is draining California dry.

Amid one of the worst droughts in the state’s history, farmers are scrambling to find enough water to irrigate lucrative almond trees they planted after abandoning other, less thirsty crops.

Why’s there such a market for California nuts? As incomes in countries such as China, South Korea, and India have risen, so has demand for nuts that formerly were out of reach for many Asians. Added to the mix are Wall Street firms who, smelling a quick buck, are paying top dollar for vegetable farms and converting them to orchards.

Insurer’s Message: Prepare for Climate Change or Get Sued

Publication: NBC News   Date: June 6, 2014   View Article

To insurance companies, there’s no doubt that climate change is here: They are beginning to file lawsuits against small towns and cities who they say haven’t prepared for the floods and storms that will cost the companies billions in payments.

Earlier this week, the U.S. arm of a major global insurance company backed away from an unprecedented lawsuit against Chicago and its suburbs for failing to prepare for heavy rains and associated flooding it claimed were fueled by global warming. While legal experts said the case was a longshot, its withdrawal didn’t alter the message it contained for governments: prepare now for climate change or pay the price.

Arctic Ship Traffic and Oil Spill Worries Rise as Ice Recedes

Publication: NBC News   Date: May 25, 2014   View Article

Ships packed with frozen mackerel and herring will sail in convoy behind a Russian nuclear-powered icebreaker from Norway to Asia this summer along the Northern Sea Route through the Arctic Ocean — a trial run as companies rush to capitalize on the world’s hunger for fish and to extract minerals from the top of the world.

Dozens of ships now transit the Arctic each year amid decreasing summer ice — in 2013,71 vessels plied the Northern Sea Route, including the first container ship. In another first, a bulk carrier transited coal through the famed Northwest Passage on a voyage from Vancouver, British Columbia, Canada, to Finland. And that traffic is only likelier to get busier.

Hundreds more ships “go up to the Arctic and perform some activity and then they come out,” Lawson Brigham, a professor of geography and Arctic policy at the University of Alaska, Fairbanks, explained to NBC News. Most of these ships transport equipment to mines and other industrial sites and leave with commodities such as oil, gas, copper, nickel, and iron ore.

Pacific Northwest’s Salish Sea Eyed as Fossil Fuel Gateway

Publication: National Geographic News   Date: May 9, 2014   View Article

Trains loaded with crude oil from North Dakota’s Bakken shale formation rumble past the outfield bleachers of the Seattle Mariners’ baseball stadium several times a week. From there, the trains head north, their cargo destined for multiple refineries in Washington State.

The traffic is new: Just three years ago, no oil trains were coming to Washington. Bakken crude is filling a void created by dwindling shipments from aging oil fields on Alaska’s North Slope, and the petroleum industry wants to bring in more. But the push to build more rail and shipping capacity in the Pacific Northwest is spurring debate over how that oil flow will affect the region—and where it should ultimately go.

Parched California Pours Mega-Millions Into Desalination

Publication: NBC News   Date: February 17, 2014   View Article

Besieged by drought and desperate for new sources of water, California towns are ramping up plans to convert salty ocean water into drinking water to quench their long-term thirst. The plants that carry out the high-tech “desalination” process can cost hundreds of millions of dollars, but there may be few other choices for the parched state.

Where the Pacific Ocean spills into the Agua Hedionda Lagoon in Carlsbad, Calif., construction is 25 percent complete on a $1 billion project to wring 50 million gallons of freshwater a day from the sea and pour it into a water system that serves 3.1 million people.

Desalination was a dreamy fiction during the California Water Wars of the early 20th century that inspired the classic 1974 movie “Chinatown.” In the 1980s, however, the process of forcing seawater through reverse osmosis membranes to filter out salt and other impurities became a reliable, even essential, tool in regions of the world desperate for water.

No water, no beer: brewers race to save the ales

Publication: NBC News   Date: September 3, 2013   View Article

As water becomes increasingly scarce on our ever more crowded and warming planet, brewers of beer are racing to secure a steady supply of their most prized ingredient by using less of it.

“Without water, there is no beer,” Kim Marotta, the sustainability director for MillerCoors, the Chicago-based joint venture of international brewing giants SABMiller and Molson Coors, told NBC News.

Like many in the brewing industry, MillerCoors understands that access to water of the quantity and quality it needs to grow barley and hops and brew beer is no longer a guarantee as population growth, water pollution and climate change threaten water resources.

Increased flooding may cost the world $1 trillion by 2050

Publication: NBC News   Date: August 18, 2013   View Article

Flood damage in the world’s major coastal cities may top $1 trillion a year by 2050 due to rising seas and subsiding land, according to a new study.

The startling figure is “not a forecast or a prediction,” but rather a means to “show that not to adapt and not to improve protection is impossible,” Stéphane Hallegatte, a senior economist with the World Bank in Washington, D.C., and the study’s lead author, told NBC News. “We have to do something.”

© 2008-2010 Collected Writings By John Roach