New “Water Barons”: Wall Street Mega-Banks Buying the World’s Water

This article was first published on December 21, 2012 by Market Oracle and Global Research

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

photo: tap water. Investors and institutions appear to be buying water rights and related businesses and resources around the world. Is water the new oil?

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays … [more…]

The cataclysmic cost of Trump’s ‘war on oceans’

Photo illustration: The cataclysmic cost of Trump’s ‘war on oceans’

Photo illustration by Lesley Becker/Globe Staff/Adobe Stock

This summer, 60 million Americans will head to the seaside to enjoy majestic waves and salty breezes. It all seems reassuringly familiar. But the oceans, which cover 70 percent of the earth and control the climate, the water cycle, and 50 percent of the oxygen we breathe, are approaching a dangerous tipping point. The Arctic is melting faster than at any time in … [more…]

On Water Problems, Governments Actually Work Together

photo: wildlife is affected by algal blooms. On Water Problems, Governments Actually Work Together

Photo: Algae blooms are a frequent problem in Lake Erie. (AP)

When it comes to dirty lakes and rivers, governments have learned how to cooperate.

The greatest lubricant for intergovernmental harmony may well be water. I know that sounds odd, but the nation’s largest bays and lakes offer compelling examples of how multiple states can work with each other — and also with towns and cities, federal agencies, universities, nonprofits, … [more…]

Commentary: Florida’s great green algae disaster

Commentary: Florida's great green algae disaster — we asked for it ... us and Rick Scott

We asked for it… us and Rick Scott

Imagine for a moment that you see a guy slowly reaching toward a scalding hot stove. Everyone around screams: “Don’t touch it! You’ll hurt yourself!”

But the guy pays them no mind and places his palm flush upon the bright orange burner, only to scream in surprise and agony as his flesh begins to char.

You’d think this man was pretty stupid, … [more…]

The water industry should be taken into public ownership

photo: tap with flowing water. The water industry should be taken into public ownership

The We Own It campaigners and their SplashMob supporters are to be congratulated on making waves today, on the 29th anniversary of water privatisation in England and Wales. Their protest in London kept the spotlight on the scandal that is England’s all-for-profit water and sewage industry.

Scottish and Welsh consumers can be forgiven for not travelling to join the mobilisation but, then, they are fortunate enough to live in the … [more…]