"Utilities, Investors Face Risks From Growing Water Scarcity"

Will the undervaluing of environmental risks and resources lead to another financial meltdown like the sub-prime mortgage disaster? A new report says credit rating agencies are ignoring water scarcity risks when rating municipal utility bonds. Investors stand to lose hundreds of billions.

Source: McClatchy, 10/21/2010

Steep Costs in Pilot Could Mean Some Riskier Corps Levees

"Four years after redrawing its levee-design assumptions to ensure that the failures of Hurricane Katrina were never repeated, the Army Corps of Engineers  has embarked on a study that threatens to relax the new, more stringent standards in ways that would reduce costs — and result in less protection in some areas."

Source: New Orleans Times-Picayune, 10/18/2010


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