Index Investing News
Monday, April 6, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

States strike deal with Biden to conserve Colorado River water

by Index Investing News
May 23, 2023
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


One of the boat ramps at Callville Bay Marina no longer reaches the water on April 16, 2023 in Lake Mead National Recreation Area, Nevada.

Rj Sangosti | Medianews Group | The Denver Post via Getty Images

The Biden administration on Monday announced that it’s reached an agreement with states reliant on the Colorado River to reduce their water usage temporarily in exchange for at least $1 billion in federal funding, a deal that comes after months of negotiations and some missed deadlines to protect the drought-stricken river.

Under the agreement, California, Arizona and Nevada will voluntarily conserve 3 million acre-feet of water until 2026, amounting to about 13% of those states’ total allocation from the river. The Biden administration will compensate cities, water districts, Native American tribes and farm operators for 2.3 million acre-feet of savings using funding from the Inflation Reduction Act. (An acre-foot of water is about what two average households consume per year.)

The Colorado River supplies water to more than 40 million people and roughly 5.5 million acres of farmland in seven U.S. states. But a combination of prolonged drought, dwindling reservoir levels and increased demand have strained the river. The river’s major reservoirs, including Lake Mead and Lake Powell, have experienced dramatic declines in water levels.

“This is an important step forward towards our shared goal of forging a sustainable path for the basin that millions of people call home,” Bureau of Reclamation Commissioner Camille Calimlim Touton said.

California has the largest allocation of Colorado River water, with roughly 4.4 million acre-feet each year, comprising about 29% of the total allocation. Arizona receives roughly 2.8 million acre-feet per year, or about 18% of total allocation. Nevada’s allocation is approximately 300,000 acre-feet each year, representing around 2% of the total allocation.

The temporary agreement will avoid a situation where the federal government imposes unilateral water cuts on all seven states.

The administration on Monday also agreed to withdraw its environmental analysis from last month that would have required states to cut nearly 2.1 million additional acre-feet of their water usage in 2024. Today’s plan will be finalized after the Interior Department conducts an environmental review.

“Today’s announcement is a testament to the Biden-Harris administration’s commitment to working with states, Tribes and communities throughout the West to find consensus solutions in the face of climate change and sustained drought,” Interior Secretary Deb Haaland said in a statement.

In January, after negotiations reached another standstill, six states submitted a proposal to the Bureau of Reclamation that outlined ways to cut water use, factoring in water that’s lost because of evaporation and leaky infrastructure. California released its own plan.

The Biden administration has previously urged all seven states — Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming — to save between 2 million and 4 million acre-feet of water, or up to a third of the river’s average flow.

Photo taken on March 13, 2023 shows the Colorado River near Hoover Dam on the Arizona-Nevada border, the United States. The Colorado River, the parched lifeline in U.S. southwest, which supplies water to some 40 million people in seven states, got a jolt in the arm from the 2022-23 winter thanks to the snowpack that is melting and swelling streams and rivers.

Xinhua News Agency | Xinhua News Agency | Getty Images



Source link

Tags: BidenColoradoconservedealRiverStatesstrikeWater
ShareTweetShareShare
Previous Post

Malaysia’s Regulator Orders Huobi to Shut Down, Cites Illegal Operation

Next Post

Khartoum is Falling the Global Community Must Move Fast to Protect Children in their Darkest Moments — Global Issues

Related Posts

5 Years. M In Sales. Here’s The Blueprint Behind It All

5 Years. $50M In Sales. Here’s The Blueprint Behind It All

by Index Investing News
April 5, 2026
0

There’s no single path to building a successful real estate business. That truth became especially clear in a recent conversation...

Just Listed | 140 SW Peacock Boulevard #21-202

Just Listed | 140 SW Peacock Boulevard #21-202

by Index Investing News
March 28, 2026
0

Spacious second floor corner unit condo for Sale in The Belmont BEAUTIFUL IN THE BELMONT2 Beds | 2 Baths This recently...

Keller Williams Expands to Croatia

Keller Williams Expands to Croatia

by Index Investing News
April 1, 2026
0

Keller Williams Realty, LLC (KW), the world’s largest real estate franchise by agent count, is expanding across Europe. As momentum...

Sheriff Chris Nanos Reveals Why Nancy Guthrie’s Neighbors Were Asked To Share Security Footage From Weeks Before Her Disappearance

Sheriff Chris Nanos Reveals Why Nancy Guthrie’s Neighbors Were Asked To Share Security Footage From Weeks Before Her Disappearance

by Index Investing News
March 24, 2026
0

To see our latest updates on the Nancy Guthrie case, please click here. The sheriff leading the investigation into Nancy Guthrie's...

With No Time to Spare, They Traded a House in Austin for a Condo in Chicago

With No Time to Spare, They Traded a House in Austin for a Condo in Chicago

by Index Investing News
March 20, 2026
0

Nathan Smith and Megan Jones-Smith enjoyed living in Austin, Texas, for 13 years, but it never really felt like a...

Next Post
Khartoum is Falling the Global Community Must Move Fast to Protect Children in their Darkest Moments — Global Issues

Khartoum is Falling the Global Community Must Move Fast to Protect Children in their Darkest Moments — Global Issues

Stocks moving big midday: PACW, DKNG, PFE, FL

Stocks moving big midday: PACW, DKNG, PFE, FL

RECOMMENDED

First Majestic Silver Inventory: Important Development On Deck (NYSE:AG)

First Majestic Silver Inventory: Important Development On Deck (NYSE:AG)

March 18, 2022

Trump’s Endorsees Have Started Losing More. But Don’t Read Into That For 2024.

August 29, 2022
Scion Asset Management | Michael Burry’s 6 Stock Portfolio Analyzed

Scion Asset Management | Michael Burry’s 6 Stock Portfolio Analyzed

December 1, 2022
Shomie Das (1935–2024): An educator par excellence

Shomie Das (1935–2024): An educator par excellence

September 14, 2024
Whereas Apple faces Indonesia ban, Chinese language smartphone maker Honor enters

Whereas Apple faces Indonesia ban, Chinese language smartphone maker Honor enters

January 7, 2025
Early Retirement at 36 by Doing What EVERY Entrepreneur Should

Early Retirement at 36 by Doing What EVERY Entrepreneur Should

February 20, 2024
Who really owns the United States?

Who really owns the United States?

August 31, 2023
'That's the objective': Mark Cuban reaffirms Mavs' dedication to remain in Dallas

'That's the objective': Mark Cuban reaffirms Mavs' dedication to remain in Dallas

August 9, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In