CNBC's Scott Cohn reports from the Patapsco Wastewater Treatment Plant in Baltimore, Maryland, where the city has budgeted $3 billion over the next several years to fix the system.» Read More
Many luxury goods have existed for centuries and enjoyed widespread popularity despite official bans. What are some in-demand luxury goods that have been banned?
The Chinese government hopes to become a force in yet another environment-related industry: supplying the world with desalinated water. The NYT reports.
"I am looking for dislocation, opportunities to add value over a long period of time. You take a company like GlaxoSmithKline, profitability is up two-fold in the last 13 years, yet the share price is down 30 percent. So as a long-term investor, if I can buy Glaxo at 30 percent less, and 12 years on it has doubled its profitability, that's a good trade," Haig Bathgate, CIO at Turcan Connell, told CNBC.
"In many places water is taken for granted, but that is changing now, and we see a lot of countries becoming much more aware of their relationship with and dependence on water," Anders Berntell, executive director at SIWI, told CNBC's Investing Edge. He added those companies that were aware of their relationship with water and how it affected their businesses were likely to be more successful than others in the long-term.
NBC's Jinah Kim reports on the closing of California's I-405 freeway for repairs; and fixing and paying for America's aging roadways, bridges and pipes, with Norman Mineta, former U.S. Transportation Secretary, and Andrew Herrmann, American Society of Civil Engineers.
Year-to-year, shares are up 25% for the water utility company. Nicholas DeBenedictis, Aqua America chairman/CEO with an outlook for growth.
One of the biggest players in water treatment is allowing companies to recycle water for industrial use in countries such as China who are dealing with a water crisis, with Erik Fyrwal, Nalco chairman/CEO.
Could water be the next tradeable commodity? Discussing whether a water exchange is a good idea, with Neil Berlant, Crowell, Weedon & Co. managing director.