It was during a flight delay over New York’s LaGuardia Airport that David Richardson affirmed his decision to trim his bold bet on water projects. Just weeks earlier, in the aftermath of Donald Trump’s election, Richardson had shifted about half of Impax Asset Management’s $6.3 billion to water projects with a focus on the U.S. He figured that the new administration would finally be able to address America’s aging infrastructure, and he wanted Impax to be part of the action.
By Christopher Martin, Bloomberg News With local restrictions on marijuana easing across the U.S., power suppliers from California to Maine were expecting a little buzz of their own from newly legitimate pot farmers. After all, a 5,000-square-foot warehouse filled with hydroponic growing systems can draw five times the electricity of a typical industrial user.