Federal governments are not rushing to fix the infrastructure and municipalities lack the means to do so. “As a result, governments are now much more open to the notion of privatizing their water infrastructure which, in turn, is providing a substantial boost to the private water industry,” Mr. Tal said.
“What we are witnessing here is a trend that is profoundly modifying water as an investment theme throughout the world.”
Canada has one of the world's largest supplies of fresh water, but has its own water woes. Some British Columbia residents remain under a boil-water advisory that first came into effect Nov. 16 when heavy rainfall triggered mudslides and caused runoff into the Vancouver region's reservoirs. There are fears that the water is contaminated with E. coli, the bacteria that killed seven people in Walkerton, Ont., six years ago. The bacteria entered the town's water supply from farm runoff, and residents had to boil or buy their water for seven months after that supply was tainted.
Meanwhile, the business of water is booming.
http://www.theglobeandmail.com/servlet/story/RTGAM.20061127.wwater1127/BNStory/Business/home
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Water Is The New Oil, Says CIBC
Posted on Monday, November 27 at 14:21 by 4CanadaContributed By
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What he carefully avoids saying is that when it comes to privatization, his and the other banks will only be too happy to create the necessary capital out of the air, to take over publicly owned water and other services, while transferring the increased costs on the public who by law own the created money and are responsible for its conversion into realities.
In short, the biggest fraud and con-job the world has ever seen, yet people are lapping it up, like poisoned meat thrown to dogs.
The Bank of Canada has a clause that permits the borrowing of monies by all levels of governments, interest free, That's why the Bank was created in the first place, as the speeches and chest beatings of the time clearly show.
Another thing missing is that these neglected infrastructures are also part of the public debt and because of this, the glorious and debt free Alberta government is in debt for about $100. million, while the multinational mafia is taking profits by the truckload.
Ed Deak.