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PORTUGAL-LAKE/BUSINESS
RTS1ZG2I
August 30, 2018
As wildfires scorched California yet again this summer, Jose Dariush Leal da Costa, a Bay Area native...
PORTEL, Portugal
The Wider Image: Portugal seduces parched investors with water
As wildfires scorched California yet again this summer, Jose Dariush Leal da Costa, a Bay Area native with Portuguese roots, was harvesting his first almonds in a sun-drenched, watery oasis in southern Portugal. The largest artificial lake in the European Union, the 250 sq km (97 sq miles) Alqueva, irrigates an area the size of Los Angeles, luring foreign investors at a time when climate change is fanning droughts from California to northern Europe. European fruit growers, Spanish olive oil makers, almond and berry farmers from California and Chile, and many others are moving in to rival local farmers on these irrigated lands, whose prices soared by 50 percent in the past five years. REUTERS/Rafael Marchante SEARCH "MARCHANTE ALQUEVA" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES. TPX IMAGES OF THE DAY. Matching text: PORTUGAL-LAKE/BUSINESS
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