New York City Is Underwater. There’s More Trouble in the Pipes.
by Henry Carnell
September 29, 2023
Extract:
Read more here: https://www.motherjones.com/politics/2 ... adams/Rainfall and floods are only expected to worsen due to climate change, and …(New York) city’s wastewater and drainage infrastructure isn’t equipped for the pressure. A FEMA report from this summer concluded that most cities’ drainage systems “were not built to handle the amount of runoff from increasingly intense storms.”
Those infrastructure problems are set to worsen, compounding the impact. Erika Smull, a municipal bonds analyst at Breckinridge Capital Advisors, is a water utilities expert and former environmental engineer. She explained to me earlier this year that US water infrastructure “is reaching or has reached the end of its usable life. It’s been there for longer than it should be. We are entering into a new era.”
Here is a link to the article covering the discussion with Erika Smull that was published earlier this month: https://www.motherjones.com/environmen ... l-crisis/