Bottled water giants close their grip on natural water reserve.
The Coca Cola company and Nestle are one step closer to owning the world’s largest natural water reserve.
Talks to sell the Guarani Aquifer underground reserve to the beverage companies is nearing completion.
The Guarani Aquifer is a huge underground reserve of fresh water, located underneath Argentina, Brazil, Paraguay, and Uruguay.
Instead of keeping ownership of the life-giving reserve, the government have bowed to pressure to sell it to the highest bidder.
Nestle are famous for their bottled water exploits. In the past they have hit headlines for obtaining natural water to bottle and sell in a less than courteous manner.
The have tapped natural water reserves in areas where the water is desperately needed, leaving the locals in a state of drought. They then bottle and sell the water back to the public at in inflated price.
The Guarani Aquifer is thought to be the world’s second largest water reserve, and if left untapped, could provide the region with water for the next 200 years. If Coca Cola and Nestle get their hands on it, it will likely be bottled and redistributed in areas where it can be sold.
The companies have been lobbying hard to get their hands on the water since at least 2016. They would have preferred their business deals to have been done in private, but at the World Economic Forum in Davos, Switzerland their plans were revealed.
Secret talks were reported taking place between Brazil’s President Michel Temer, Nestle CEO Paul Bulcke, Anheuser-Busch InBev CEO Carlos Brito, Coca-Cola CEO James Quincey, and Dow Chemical CEO Andrew Liveris.
The coming together of these multinational corporations is bad news for locals who want to protect their water source. Normally, when two of the richest companies in the world set their sights on something, nothing will get in their way.
Instead of being upfront about their goal (let’s be honest – profits) the conglomerate have dubbed themselves as a “a unique public-private-civil society collaboration”.
They claim their goal is to:
“facilitate open, trust-based dialogue processes to drive action on water resources reform in water-stressed countries in developing economies”
And to “close the gap between water demand and supply by the year 2030.”
But business insiders have admitted that the group are:
“an unmistakably activist campaign by the private water industry to gain funding and credibility for a radical power grab.”
Via Mint Press News