Last October, as Bill Robertson knocked on doors in Okotoks in his successful campaign for re-election as mayor, he saw that many homeowners had replaced their lawns with less water-hungry landscaping. “I was on every doorstep in Okotoks this election, eight-and-half thousand of them,” he says, “and I saw some great lawns which are not lawns, but fancy colours of gravel.” Like most communities, Okotoks, just south of Calgary, was built beside water.
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Jim Rogers, the investor who foresaw the start of a commodity rally in 1999, said he is “extremely optimistic” about investing in water amid a scarcity of supply in countries from India to the U.S.
“If you can find ways to invest in water, you will be extremely rich because we do have a serious water problem in many parts of the world like India, China, the southwestern part of the U.S., and west of the Red Sea,” Rogers, chairman of Rogers Holdings, told reporters at his home in Singapore today.
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