04 Apr Cadiz Inc. Issues Statement in Response to Remarks by California Senator Dianne Feinstein on Cadiz Water Project
April 4, 2017: (LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) CEO Scott Slater released the following statement in response to a press release from California Senator Dianne Feinstein about the Cadiz Water Project and recent action by the U.S. Bureau of Land Management:
“Senator Feinstein regrettably relies on outdated, 17-year old data inconsistent with presently known facts as foundation to oppose a project which will safely and sustainably create new water for 400,000 people, has broad bipartisan community support, will generate 5,900 new jobs, and will drive nearly $1 billion in economic growth. Two public agencies and twelve separate court opinions have expressly repudiated her arguments and sustained our project in accordance with CEQA, the highest environmental legal standard anywhere in America.
Her opposition has done a disservice to thousands of Californians who will benefit from this public-private partnership – a project which will deliver new, reliable water without any adverse environmental impacts and will also provide significant additional groundwater storage, allowing the region to retain surplus water in wet years like this one for use in future dry years.
At the request of a bipartisan group of Congressional Members, the Bureau of Land Management on March 29th withdrew a guidance policy of the previous administration that resulted in an egregious evaluation of the Cadiz Project. That evaluation reversed more than 100 years of precedent of smart co-location of infrastructure in existing railroad corridors. We are grateful for the bipartisan efforts to reverse this errant BLM policy.”