Billionaire couple faces criticism over water control during Los Angeles wildfires – Yeni Şafak English
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Excerpt:
Stewart and Lynda Resnick, a billionaire couple who own around 60% of an important California water resource, have come under intense criticism for using more water than every home in Los Angeles combined, with critics arguing that their actions may be hindering efforts to contain the city’s ongoing wildfires.
The Resnicks, California’s wealthiest farming family, with a $13 billion fortune, have come under renewed criticism for their alleged overuse of water during Los Angeles’ worst wildfires in history, according to the UK’s Daily Mail.
The controversy traces back to 1994, when their advisors played a key role in the Monterey Plus Agreement, a deal that transferred the taxpayer-funded Kern Water Bank from public ownership to private control.
Originally designed to ensure a stable water supply during droughts, the bank is now seen as a tool benefiting private interests.
