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Putting money in water works

Water ventures in the US have no lack of investors despite regulatory obstacles, wary customers and opposition from environmental groups

TAPPING THE FLOW: For those with a long enough time horizon, water may ultimately prove to be a good investment.

Cadiz, California

GAZING out of a turboprop high above his company's main asset - 34,000 acres (13,760 ha) in the Mojave Desert with billions of gallons of fresh water locked deep below the sagebrush-dotted land - Scott Slater paints a lush picture that has enticed a hardy band of