Wildfire Lynda Resnick

Claims about who owns California's water are spreading online. Here's what to know.

Erroneous accusations that a wealthy couple, Stewart and Lynda Resnick, have been hoarding water amid the Southern California wildfires have been spreading widely online.

Politifact · 5d

Does a billionaire couple own almost all the water in California? Here’s why that’s False.

The couple’s company has a majority stake in a water bank in the San Joaquin Valley and uses vast amounts of water to manage its nearly 130,000-acre California agriculture operation. But the claim that the Resnicks own nearly all — or even a large portion — of California’s water is a massive exaggeration.

usaherald · 6d

Billionaire Power Couple’s Control of California’s Water Amid Wildfire Crisis

In a secretive 1994 meeting known as the Monterey Amendments, the Resnicks acquired nearly 60% of the Kern Water Bank, a critical water storage facility originally built with hundreds of millions in taxpayer dollars,

6don MSN

Claims about a billionaire couple hurting efforts to fight the L.A. fires via their ‘control’ of the water supply are false

Because of agriculture’s heavy reliance on water, a critical resource in fighting wildfires, the Resnicks became the targets ...

3don MSN

For LA water issues, misinformation spreads nearly as fast as the wildfires

False or misleading claims have emerged amid general criticism about California’s water management sparked by the fierce Los ...

California billionaire couple accused of hoarding water amid LA wildfires. But is it true?

Stewart and Lynda Resnick, an ultra-wealthy couple from California, are being accused of hoarding water when it is needed to fight the wildfires in California. The Resnicks own the Los Angeles-based ...

Artnet4d

Who Are the Resnicks, the Art Collectors Accused of Hoarding California’s Water?

As wildfires continue to burn in L.A., art collectors Lynda and Stewart Resnick face criticism for their ownership of a ...

Bill McEwen4d

Are the Resnicks 'Hoarding' Water While LA Burns? No

Viral claims being spread online about Resnicks' water control in California are debunked as false and misleading.

Fresh Take: California’s Water Politics And A Major Misconception

Forbes' latest edition of its Fresh Take newsletter focuses on a misconception about water politics amid Los Angeles ...

Fresno Business Journal3d

Wonderful Company, beset by false rumors, gifts $10M toward LA wildfire relief

The Wonderful Company announced its commitment Wednesday of $10 million to wildfire relief efforts in Los Angeles. The donations will focus on providing real-time support to first responders— both ...

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