Major Corporations Commit Funding to Help Lake Mead
Business For Water Stewardship has announced the transfer of over $1.5 million in corporate and philanthropic funding to support Arizona’s efforts to increase water supply reliability through a system conservation project with the Colorado River Indian Tribes (CRIT). View the press release here.
The funds were provided by leading corporations and brands including Intel Corp.; Microsoft; Cox; The Coca-Cola Foundation; Procter & Gamble; Reformation; Silk and Swire Coca-Cola, USA. This landmark collective funding agreement from eight major corporations and a philanthropic match is the single largest collaborative funding effort of its kind and complements existing funding from the state of Arizona to compensates the Colorado River Indian Tribes (CRIT) for conserving up to 150,000 acre-feet of its Colorado River water- directly shoring up declining water levels in Lake Mead. The funding also supports longer-term CRIT efforts to modernize irrigation systems and conserve water.
- As the business and philanthropic communities come together to assure long-term water security for Arizona through financial commitments to shore up Lake Mead, we are thrilled to work with these partners to be a part of this commitment.
- The project contributes to the longer-term priorities of the CRIT to modernize irrigation infrastructure and conserve additional Colorado River water.
- This investment in the lower Colorado River basin’s water future will drive water solutions for cities and communities in California, Nevada and Arizona, continuing to make the Southwest a great place to invest, hire, and grow.
PARTICIPATING FUNDERS CONTRIBUTING OVER $1.5 MILLION TO SYSTEM CONSERVATION
- Intel Corp
- Procter & Gamble
- Swire Coca-Cola, USA
- Water Funder Initiative- philanthropic matching partner