After more than a quarter-century of drought in the Colorado River Basin, water levels in America’s largest reservoirs recently plummeted to historic lows. As this crisis reaches a boiling point, new research shows that just 122 companies are responsible for about half of the West’s climate change-driven water losses over the past decade.

Between 2014 and 2024, global warming reduced the American West’s snowpack by more than a third, choked the region’s warm-season streamflow by roughly 13%, and increased irrigation demand by 4.3%, according to a study published today in Nature’s Communications Earth & Environment journal. The authors traced…

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