I am OK with a restaurant selling larger bottles of water for Dh2 or Dh3, but when they charge Dh5 for a bottle that originally costs Dh1.5, then that is completely wrong and unacceptable and actually illegal.
Water is an essential resource for any business. The potential for water-related problems to damage brand value or limit corporate growth is increasingly understood.
This intersection of poverty and water access brings to mind the “food desert” (an area underserved by grocery stores). Food deserts have created a public health paradox: without healthy food, the poor are more likely to be obese, relying on corner shops stocked with junk food. The difference is that when it comes to water, there is no alternative – fast food and sugary cereal might be the food desert substitute to fresh vegetables and whole grains, but there is no substitute for water.
The Yanacocha goldmine was named after the lake that had since been destroyed by the company after the operation started twenty years ago. Up to date the mine produced over $7 billion worth of gold for its Denver, Colorado based owners, destroyed over 250 square kilometers alpine wetland, poisoned over a thousand Peruvian people with mercury, and contaminated lakes and streams with cyanide and other acidic runoffs.
“Water is a simple molecule, but a very complex commodity”
At present less than 5pc of the UK’s water, some 650m litres a day, is traded between firms in different regions, and this figure has barely changed since privatisation in 1989.
“The NSW government will not stand by and allow the Commonwealth to take the lazy option which removes water from productive purposes in NSW”
From today, further water purchases for the environment will be restricted to three per cent per valley per decade, a more sustainable rate of purchase which will provide much needed breathing space and time for rural economies to adjust.
“Because global water consumption is expected to increase by 40% over the next 20 years, water shortages may get more acute and widespread, spurring more reliance on desalination technologies, water reuse, and conservation. The results could have massive economic, ecological, and geopolitical consequences, creating investing opportunities in places you may never have considered”
“Commodification (or commoditization) is the transformation of goods, ideas, or other entities that may not normally be regarded as goods into a commodity”
Normally I’m very good at ignoring ads accompanying the articles I read but this time I couldn’t resist a click. I’m always curious when I hear corporations, let alone investment banks, talk about important issues and their social implications.
I watched Anna Davydova for almost three minutes swiftly recite one well-known statistic about water after the other. For someone who isn’t familiar with them, these facts might be eye opening but it seems that neither the presenting analyst nor the producers of this corporate advertisement wanted more than shock value.