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Companies proclaim water the next oil in a rush to turn resources into profit

Nestle leads the way as…

Companies proclaim water the next oil in a rush to turn resources into profit

Mammoth companies are trying to collect water that all life needs and charge for it as they would for other natural resources

….This summer, however, myriad business forces are combining to remind us that fresh water isn’t necessarily or automatically a free resource. It could all too easily end up becoming just another economic commodity.

At the forefront of this firestorm is Peter Brabeck, chairman and former CEO of Nestle.

In his view, citizens don’t have an automatic right to more than the water they require for mere “survival”, unless they can afford to pay for it.

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