litigation
confidence high
sentiment negative
materiality 0.60
Court remands Cadiz pipeline permits to BLM for further environmental review; co. says no delay
CADIZ INC
- U.S. District Court affirmed tentative ruling granting Interior's motion for voluntary remand of two pipeline rights-of-way back to BLM.
- Lawsuits by Center for Biological Diversity and National Parks Conservation Association challenged 2020 permits for 58-mile pipeline conversion.
- Status conference set for September 26, 2022; BLM will reconsider scope of environmental review.
- Cadiz ownership of pipeline unaffected; construction of three new groundwater wells to start early October 2022.
- With three new wells, Cadiz Ranch will have 10 wells and total annual capacity of 25,000 acre-feet water per year.