Earth911 Podcast: Investing for Clean Water Newday Impact’s Doug Heske
We sit down for another responsible investing conversation with Newday Impact Investing CEO Doug Heske. Our topic is investing to ensure there is enough clean water for humans, animals, and vegetation around the world. In the United States, the Environmental Protection Agency estimated that $472.6 billion of investment is needed by 2035 to continue providing clean safe drinking water, and the opportunities for conservation are everywhere. For example, McKinsey recently reported that between 14% and 18% of domestic potable water is lost each year just to leaks. Doug shares his insights into the rising interest in water investment, discussing Evoqua Water Technologies (AQUA), Watts Water Technologies Inc. (WTS), Middlesex Water Company, Waters Corporation (WAT), and Crystal Clean (HCCI).
We discuss eight companies with negative carbon footprints, including AC Energy Corp, which is headquartered in the Philippines, New Zealand’s Mercury NZ, the Canadian energy company TransAlta Corp, Renova, a Japanese renewables company, the Danish wind turbine maker Vestas Wind Systems, China’s Li Auto, and two American companies, NEXTera Energy and Tesla, where Elon Musk has been on a stock selling spree this week. This is the third in our continuing series about investing for environmental and social progress with Doug Heske. Newday Impact manages a suite of socially and environmentally responsible portfolios.