By Aviva Shen, Climate Progress
As climate change intensifies weather events like the rainstorms that keep hitting New Orleans, the burden on cities’ infrastructure gets heavier. At the same time, the backlog of deferred maintenance in most of the country has weakened these systems’ resilience. Most municipal governments are ill-equipped to handle the increasingly urgent overhauls, especially if they’ve just been hit with a major disaster. That opens a window for private companies — so-called “disaster capitalists” — to make their pitch.