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View Diary: Economics Daily Digest: Companies look to turn off the tap on free water (6 comments)

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  •  Let's Start with Nestle itself - Pot Meet Kettle (7+ / 0-)

    The price of a litre of bottled water in B.C. is often higher than a litre of gasoline.

    However, the price paid by the world’s largest bottled water company for taking 265 million litres of fresh water every year from a well in the Fraser Valley — not a cent.

    Because of B.C.’s lack of groundwater regulation, Nestlé Waters Canada — a division of the multi-billion-dollar Switzerland-based Nestlé Group, the world’s largest food company — is not required to measure, report, or pay a penny for the millions of litres of water it draws from Hope and then sells across Western Canada.


    Democracy - 1 person 1 vote. Free Markets - More dollars more power.

    by k9disc on Tue Jul 29, 2014 at 06:13:16 AM PDT

    •  Yeah...not happy about that. (3+ / 0-)
      Recommended by:
      k9disc, CJB2012, howabout

      Thanks to our ^&%@$ federal and provincial governments, we have all our natural resources being either given away or sold off to just anyone. No fees, no environmental reviews, no accountability, nothing!

      See...if Ms. Christie puts in groundwater regulation, then fracking for nat gas won't happen and she's bet the farm on a free for all in the fracking business, including new ports to store LNG and load tankers of LNG to go to Asian markets.

      A fo ben, bid bont. - Welsh proverb. ( translation: If you want to be a leader, be a bridge.)

      by Gwennedd on Tue Jul 29, 2014 at 12:28:52 PM PDT

      [ Parent ]

      •  I think it's called Regulatory Capture... (2+ / 0-)
        Recommended by:
        Gwennedd, howabout

        But it's better known here in the States as,"It's the Economy, Stupid!" or the Business of Government.

        Fracking is so titanically stupid.

        Democracy - 1 person 1 vote. Free Markets - More dollars more power.

        by k9disc on Tue Jul 29, 2014 at 04:53:55 PM PDT

        [ Parent ]

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