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WHO GRABBED MY WATER?

By Laura Secorun Palet

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WHY YOU SHOULD CARE

Because humanity needs water to survive, and it’s being bottled up by private
owners right out from under our noses.







Imagine being told you couldn’t fish in a local stream or swim in your favorite
watering hole because an international firm had purchased nearby land. That’s
happening to people all over the world, and in some cases it’s a matter of life
and death, giving a far more sinister edge to the term “water fight.”

The Anuak people in Ethiopia last year were shocked to learn they could no
longer use the Alwero River, their fish source, thanks to a land deal by a Saudi
development firm. The ethnic group, which has lived near the river for
generations, was forced to yield to foreign interests.


180 MILLION OLYMPIC POOLS’ WORTH OF WATER

The amount of water grabbed by foreign governments in land purchases every year

We’ve all heard of land grabbing, the large-scale land purchases by foreign
firms and governments in the developing world. Less obvious, however, are the
hidden water grabs involved in the transactions. These involve governments and
private interests diverting water away from native communities — who depend on
it for their livelihoods — to serve their own interests, and 60 percent of it is
taken through land grabs.

An estimated 450 cubic kilometers of the precious liquid is grabbed each year,
an amount equal to Brazil’s annual water consumption and enough to fill 180
million Olympic pools.

 


Who’s grabbing the water? According to environmental science researchers in the
U.S. and Italy, the top water grabbing countries are China, Egypt, India,
Israel, the United Arab Emirates, the United Kingdom and the United States. 

And why? Motivations differ. Saudi Arabia is plagued by chronic water scarcity;
Israel and the United Arab Emirates lack arable land. Meanwhile, for the U.K.
and China, it might be cheaper to buy land abroad than to transport their own
water from its source to domestic agricultural land. What the water elite all
have in common is being significantly richer than the countries they make deals
with.

Who suffers most? Sixty percent of water is grabbed from Africa — where a third
of the population already lives in water-scarce environs. The highest rates are
suffered in the Democratic Republic of Congo, Tanzania and Sudan, as well as in
the Philippines and Indonesia.

 
        

A man uses a fishing new to collect plastic waste from the Citarum river in
Bandung in West Java on July 6, 2012.

Source Getty

Despite several reports by the World Bank and the Food and Agriculture
Organization showing the negative effects of water grabbing, the global rush for
water is growing. It’s no longer just international conglomerates grabbing
water; many of the latest purchases are being carried out by private equity
funds, hedge funds and even pension funds looking to capitalize on this
declining natural resource. 

As a result, the water derivatives market is booming, and a top economist for
Citibank, Willem Buiter, has advised folks to start investing in water because
it’s set to become “a hotter commodity than oil or gold .”

> Water is set to become “a hotter commodity than oil or gold.”

In contrast to gold, however, humanity needs freshwater to survive. As climate
change advances, demographic pressure grows and the biofuel production
increases, the competition to secure access to water will turn even more fierce.

It seems Mark Twain was right when he said: “Whiskey is for drinking, water is
for fighting over.”

 * Laura Secorun Palet, OZY Author Follow Laura Secorun Palet on Facebook Follow
   Laura Secorun Palet on Twitter Contact Laura Secorun Palet

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The Daily Dose January 28, 2014

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