Posted on by Christopher K. Merker, Ph.D., CFA

Arizona’s Dry Future Begins as Colorado River Shrinks (WSJ)

A visit to Arizona last year brought this home…When on a pink Jeep tour of the Cococino National Forest near Sedona, I asked our guide whether the area had seen a reversal of fortune on rainfall, and he said that the green we saw was only from a recent reprieve of some precipitation, otherwise the mostly brown vegetation was from the 20-year mega drought, with average annual rainfall 75% below average.

https://www.wsj.com/articles/arizonas-dry-future-begins-as-colorado-river-shrinks-11650718801

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.
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