We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Under the five-year agreement announced Tuesday, Mexico has committed to accept voluntary shortages when Lake Mead reaches certain levels. The country also will gain opportunities to receive surplus water under certain conditions.
The agreement lets the United States and Mexico “work together and use infrastructure to allow the finite resources to be shared during surplus conditions and reduced in times of shortages,´ said Jennifer Gimbel, director of the Colorado Water Conservation Board.