Select quotes:
- Companies involved in the global energy transition are highly exposed to water security risks and are already seeing some of their assets becoming stranded as the result of a global water crisis, according to research from CDP, a non-profit that runs an environmental disclosure system for companies, cities, states and regions.
- …the unsustainable withdrawal of global water resources above natural recharge rates poses a severe threat to human health, food security and environmental sustainability; and escalating water scarcity is predicted to affect two-thirds of the world’s population by 2025.
- Of the 82 fossil fuel companies that disclosed water-related data to CDP in 2022, 16 reported potential risks to production capacity because of water issues and one reported a potential plant closure.
Read the full post at Energy Monitor.