9 aug. 2009

EU Hands Over Water to Corporations

French water distribution firm Lyonnaise des Eaux, a unit of GDF Suez (GSZ.PA) won permission from the European Commission on Wednesday to acquire six firms active in water collection, treatment and supply in France.
Lyonnaise des Eaux (LDE) is to buy shares held by Veolia Eau-Compagnie Générale des Eaux (Veolia Eau) in six subsidiaries owned jointly with Veolia Eau (VIE.PA).
The executive arm of the 27-nation European Union said in a statement that its investigation had revealed the proposed deal would not harm competition in the markets concerned.
LDE and Veolia Eau have decided to sell each other their holdings in nine joint subsidiaries which they control together. At the end of the proposed operation, LDE will take sole control of six of these companies, the Commission said.
http://www.reuters.com/article/idUSBRQ00747720090805
related stories:

CBC News - Indepth Water Privatization: how multinationals are taking control of a public resource

Water, like air, is a necessity of human life. It is also, according to Fortune magazine, "One of the world's great business opportunities.It promises to be to the 21st century what oil was to the 20th." In the past ten years, three giant global corporations have quietly assumed control over the water supplied to almost 300 million people in every continent of the world.
A 12-month investigation by journalists in Canada, the U.S., Europe, Asia and Latin America shows that the results range from questionable to disastrous. And it shows how well-meaning municipal governments in the U.S. and Canada can become vulnerable to the persuasive techniques of these high-powered corporate giants.
http://www.cbc.ca/news/features/water
The Great Water Heist Senate Bill 787 (US)

Catching rain water is against the law http://www.ksl.com/?nid=148&sid=4001252


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