Panama Canal’s Water Crisis: US Buys Out China

Douglas McIntyre and David Callaway, Editors-in-Chief at Climate Crisis 24/7, discussed the recent sale of the Panama Canal’s port operations from Chinese to U.S. financial interests, notably BlackRock. They questioned the strategic value of the deal, highlighting the canal’s vulnerability to water shortages and the broader implications for global shipping and commerce. They noted that while the canal is primarily fed by a nearby freshwater lake, the risk of drought and operational disruptions remains significant.