18 Sep Cadiz Inc. Provides Further Update on California Assembly Bill 1000 Following Close of 2017 Legislative Session
Despite running an aggressive negative campaign, with the adjournment of the California Legislature on September 16, 2017, opponents of the Cadiz Valley Water Conservation, Recovery and Storage Project failed to secure passage this year of Assembly Bill (AB) 1000, a bill introduced in July 2017 with the intention of blocking the advancement of the Project. The Legislature is now adjourned until January 2018 and the bill remains on suspense in the State Senate’s Appropriations Committee. The Company is grateful the California Legislature did not further advance AB 1000 in this legislative session and intends to complete as soon as possible our efforts to implement this important Project, which offers Southern California broad water supply and economic benefits without causing environmental harm.
Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources in Southern California. The Company maintains an organic agricultural development in the Cadiz Valley of eastern San Bernardino County, California and is partnering with public water agencies to implement the Cadiz Water Project, which over two phases will create a new water supply for approximately 400,000 people and make available up to 1 million acre-feet of new groundwater storage capacity for the region. Cadiz abides by a wide-ranging “Green Compact” focused on environmental conservation and sustainable practices to manage its land, water and agricultural resources. For more information, please contact email@example.com