With Laliberte at the announcement was Prince Albert of Monaco. His environmental group joined with One Drop after he befriended Laliberte after meeting him at a show in Monaco.
"Water issues transcend the boundaries of countries and affect the whole of humanity," Prince Albert stated. "This is a major challenge of this century and it is essential that organizations throughout the world come together in a global movement of solidarity to ensure the preservation and better management of a resource that is both irreplaceable and fundamental to life."
Gord Nixon, Royal Bank of Canada's chief executive and Jeremy Hobbs, executive director of Oxfam International, are also part of the foundation.
The Royal Bank of Canada has pledged $10 million towards the project, whose first order of business was to provide Oxfam with $4.5 million to fund filtration systems and family farms in Nicaragua.
Laliberte will give $4 million for 25 years to the One Drop Foundation to fund projects to rebuild water wells and provide drinking water in poor countries.
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