Blue Planet
71% of the earth is covered in water and 60% of our human bodies are made of water yet H2O remains one of the scarcest and most precious resources on earth. While it’s obvious that we need water to drink, wash, and eat, only 12% of freshwater in the US is used by the general public. Mining, crop irrigation, hydroelectric power generation all contribute to the degradation of water supplies. Currently, less than 0.3% of wastewater is recycled in the US; an increasingly necessary practice as scientists predict more frequent and severe droughts. Sustainable water usage is a must to lessen the effects of already rampant climate change
With that, here are the newest companies on Stake doing their bit to manage our most precious resource.
Invesco Global Water ETF | PIO
Invesco’s water fund invests in companies focused on the conservation and purification of water for residential and commercial uses. Its US$300m under management are allocated to names like Ideanomics, Ecolab and American Water Works. The fund is up 31% over the last year.
Select Energy Services Inc. | WTTR
Despite the image problems associated with mining and non-renewable energy production, for now we rely on their operation. Companies like Select Energy Services help alleviate their impact. The company optimises the sourcing, transportation, containment and treatment of water to ensure the friendliest possible use of water in the oil and gas industry. For example, they ensure contaminated water used in the oil production process is properly stored without risk of leakage and damage to our broader environment. $WTTR has gained 20% over the last 12 months.
Cadiz Inc | CDZI
Despite the image problems associated with mining and non-renewable energy production, for now we rely on their operation. Companies like Select Energy Services help alleviate their impact. The company optimises the sourcing, transportation, containment and treatment of water to ensure the friendliest possible use of water in the oil and gas industry. For example, they ensure contaminated water used in the oil production process is properly stored without risk of leakage and damage to our broader environment. $WTTR has gained 20% over the last 12 months.
Global Water Resources Inc. | GWRS
$GWRS works in water recycling. Wastewater from agricultural processes, sewerage and commercial use. Their treatment of water that would otherwise flow through to oceans or evaporate and leave harmful chemicals in the environment provides potable drinking water to the Arizona area. At the end of last year, the company estimated that they had saved 9.3b gallons of water in their 5 years of operation. $GWRS has risen 62% in the last year.