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https://usaherald.com/billionaire-power-couples-control-of-californias-water-amid-wildfire-crisis/
Water Privatization Scheme: In a secretive 1994 meeting known as the Monterey Amendments, the Resnicks acquired nearly 60% of the Kern Water Bank, a critical water storage facility originally built with hundreds of millions in taxpayer dollars, effectively transforming a public resource into a private asset.
Political Manipulation of Water Rights: The Resnicks strategically used political connections—including a close relationship with former Senator Dianne Feinstein—to rewrite water regulations, eliminating urban water preference rules and loosening “paper water” restrictions, which dramatically increased their ability to control and profit from California’s water supply.
Disproportionate Water Usage: Despite agriculture representing less than 2% of California’s GDP, the Resnicks and similar agricultural interests consume 80% of the state’s water, converting public water resources into private profit through products like pistachios and pomegranate juice, while ordinary Californians face increasing water scarcity and potential drought conditions.
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