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Water Industry Outlook: 'The Time Is Ripe' for Water Privatization

Environment  (tags: climate-change, conservation, destruction, ecosystems, environment, globalwarming, habitatdestruction, healthconditions, politics, pollution, research, science, water, world )

- 2013 days ago -
Survey from water industry insiders shows hedge funds, private equity positioning to benefit from increasingly scarce resource.

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Kit B (276)
Monday November 19, 2012, 3:59 pm
(Photo credit: Grant Neufeld via flickr)

The privatization of the nation's water industry is set to explode in the next five years, according to the findings of a recent survey.

WeiserMazars LLP, a New York-based tax and advisory services firm, detailed the findings in its first annual U.S. Water Industry Outlook (pdf), in which professionals from the industry, representing privately owned businesses and public utilities, shed light on the near future for the water industry.

And what the next three to five years hold, according to the results, is a surge in privatization and public-private partnerships in a quest to capitalize on the resource.

As Jerome Devillers, Head of Water Infrastructure/Project Financing at WeiserMazars stated bluntly in a release, "Our study shows the time is ripe" for water privatization.

With water scarcity growing WeiserMazars sees water rights and access to water fees increasing as well -- and therefore attracting the interest of private equity and hedge funds, who can capitalize in the takeover of the public good.

Though "negative public perception" has blocked some water privatization efforts, tax increases needed to increase revenue for aging water infrastructure has been unpopular, and semi-privatizations are being enacted.

In next three to five years, most survey respondents -- 71% -- thought there would be a "significant amount of acquisitions of small sized utilities by larger investor owned utilities"

Common Dreams Staff | Common Dreams |

Elle B (84)
Monday November 19, 2012, 9:08 pm
Ty Kit. Do we have a timeline on Air Privatization yet? I suppose masks will be and extra charge in addition to the purchased air canisters. What complete and total incompetence at living. Giant "F's" on the report cards. These artificial constructs by the privatizing profiteer squadrons don't even vaguely resemble anything to do with life on earth in any form. What exactly are they going for? Fake is us? They all even look like a Barbie, Ken & Friends "Corporate Collection." Just think if the misguided wayward losers had followed the Haudenosaunee and other 1st Nation ways . . .what we could all be thinking and doing now instead of this utter nonsense. . .

Elle B (84)
Monday November 19, 2012, 9:13 pm
". . .The world was a library and its books were the
stones, leaves, grass, brooks, and the birds and
animals that shared, alike with us, the storms and
blessings of earth. We learned to do what only the
student of nature ever learns, and that was to feel
beauty. . . .Life was vivid and pulsing; nothing was
commonplace. . ."

"Regarding the 'civilization' that has been thrust upon me since the days of reservation, it has not added one whit to my sense of justice; to my reverence for the rights of life; to my love for truth, honesty, and generosity; nor to my faith in Wakan Tanka—God of the Lakotas. For after all the great religions have been preached and expounded, or have been revealed by brilliant scholars, or have been written in books and embellished in fine language with finer covers, man—all man—is still confronted with the Great Mystery."

― Ota K'Te/Mochunozhin [Chief Luther Standing Bear], (1905-1939) Oglala Lakota

“How I wish that somewhere there existed an island for those who are wise and of good will.” ― Albert Einstein

Sheryl G (360)
Tuesday November 20, 2012, 11:00 am
I couldn't agree more with Elle B.'s two comments above mine. She had added, "Just think if the misguided wayward losers had followed the Haudenosaunee and other 1st Nation ways . . .what we could all be thinking and doing now instead of this utter nonsense. . ." Indeed I do think about that Elle, and it tears my heart apart, it wells tears in my eyes, for it didn't have to go the way it has.

There were other ways, but the Preditory Ones have made sure that many of the indigeneous around the world have been silenced in one fashion or another. When millions of the First Nations people Walked this land in such a gentle manner, they made sure that they were removed in all manner of speaking. Can't have that way of thinking getting in the way, how could the Preditors come out on top if we shared, cared, and respected. Now this Preditory energy will take us all out. It will be the water that will be fought over, for without water all life ceases to exist.

If you haven't watch it, see Flow For the Love of Water
Flow For the Love Of Water

Arielle S (313)
Tuesday November 20, 2012, 11:39 am
Holy crap - There is a book called "the Fifth Sacred Thing" in which this happens - the powers that be put drugs into the water to make the people 'pliable' and amenable. And if you don't do what you're told, you don't even get the drugged water. Should this happen, we might as well just slit our wrists immediately....

Nancy M (197)
Tuesday November 20, 2012, 12:29 pm
Be afraid, Be very afraid.

What next? Air?

Past Member (0)
Tuesday November 20, 2012, 12:42 pm
This is because water is the source of life,Supernatural intelligence.important subject.Thanks.

Yvonne White (229)
Tuesday November 20, 2012, 12:54 pm
The same thing happened with local phone companies, local radio stations, local newspapers for pity sakes - either giant corporations take them over or small companies who intend to become giant corporations do so.. then they either lose their a$$ completely & shut down, or they become parrots of the "mother company", or they remain Exactly the same with NO updates to forstall deteriorating conditions - but with no chance of speedy help because the "mother company" lives in Texas (Sorry Kit, but I my HATE Frontier Telephone Co. which somehow bought this tiny area's phone company & continues to ignore it just like the previous several owners - it's really bad when you long for AT&T!;) So, now, Something as VITAL as water should NEVER be allowed to become a solely private owned thing - and I can't really see how it could be "semi-private" (maybe they are talking about water rights on Private Property? )..But then again, I'm a pinko-commie when it comes to public utilities & I think the government should be the owner of ALL public utilities. Only the government can afford to upkeep them and use Agencies like the EPA & FDA to oversee all Possible problems & make sure they Get Corrected.

Christeen A (369)
Tuesday November 20, 2012, 12:55 pm
I truly hope this doesn't happen.

Bill Eagle (41)
Tuesday November 20, 2012, 1:20 pm
The water is an essential resource that should belong to the people, not to some private corporation.

Mike M (40)
Tuesday November 20, 2012, 1:37 pm
Make sure your voice and future votes are heard and stop anyone form trying to privatize water. The tread of big business and the elite to make others pay while they play must stop now or your rights as a person just as they are will be diminished because of your financial status.

Kit B (276)
Tuesday November 20, 2012, 1:50 pm

Unfortunately, Nestle has been very busy buying up water rights around the globe. Though it should be noted that activists in the US and Canada did win a recent fight with Nestle and made them back off.

Lois Jordan (63)
Tuesday November 20, 2012, 1:53 pm
As if the title of the article wasn't distressing enough, it's plainly stated that this is "attracting the interest of private equity and hedge funds..." and we all know what ends up happening with the money put in those bottomless gambling pits. Just wondering if proper audits are being done on these companies, or if CEO's are just pocketing the profits and crying the blues. This privatization has got to stop, because the Trans-National corporations are seeking to own us all in every way, shape and form.

Dianne D (490)
Tuesday November 20, 2012, 2:03 pm
This cannot happen. Without water, we can't survive and only the wealthy will be able to afford water.

. (0)
Tuesday November 20, 2012, 2:10 pm
I live in England where our water service was privatised quite a few years ago (along with all the other utilities and quite a bit of what could be regarded as infrastructure). The water companies are currently heavily regulated but prices have gone up considerably and the service provided has got worse (an example is a report of a leaking pipe in the street that I made, six months later it was still leaking - hardly the private sector at its' best). I am sure that when most people think of England they think of rain but last year we suffered a severe drought which lasted until June this year, when it started raining it barely stopped all summer - such is global warming! The water companies are pretty quick to announce drastic measures during a drought but nowhere near as quick to spend the money necessary to stop the problem developing in the first place. All in all water is vital to human life, the provision of clean water and the disposal of foul water is vital to publc health and should not be subject to the pressure of the private sector who's principle aim is, quite rightly to make money for their shareholders.

John Vallejo (4)
Tuesday November 20, 2012, 3:00 pm
Really ? Im scared

Mary Donnelly (47)
Tuesday November 20, 2012, 3:17 pm
Thanks Kit. Everybody look what happened to the Aral Sea.

Theodore Shayne (56)
Tuesday November 20, 2012, 3:38 pm
Ole T. Boone Pickens must be rubbing his hands in glee and dancing a merry two step. Then of course there's the Tar Sands and the Natural Gas companies that require huge amounts of water to process. It's no wonder there's a water shortage. Look at how many hundreds of thousands of gallons of water they have used.

Kit B (276)
Tuesday November 20, 2012, 3:45 pm

Very true, these wells use hundreds of thousands gallons of water, and that water can not reused or recycled, not for human use, not for use by any living thing. It's fully contaminated by chemicals, dangerous and deadly chemicals.

greenplanet e (155)
Tuesday November 20, 2012, 4:40 pm
In some places the soil has sunk down several metres due to too much water being pumped from underground aquifers. We are already taking water at a greater rate than it can be replenished from underground water supplies -- takes 1000s of years for water to accumulate.

Fresh, clean water should be available for all, including plants and animals.

Sonny Honrado (5)
Tuesday November 20, 2012, 4:51 pm
It should remain under government control.

Roni Jo Patterson (4)
Tuesday November 20, 2012, 5:06 pm
The recent national election should remind everyone of the iron will of our fellow citizens. Therefore, should water privatization occur, those industries won't maintain their control for very long.

Robert K (31)
Tuesday November 20, 2012, 6:33 pm
Privatization of public concerns is ALWAYS a bad idea resulting in less service for higher prices. If there were ever any doubt, just look at other countries where water supplies have been privatized. The results have been so ugly that it should be a crime to even suggest doing so.

reft h (66)
Wednesday November 21, 2012, 12:04 am
This is scary - we must never let them privatize our water!!!

David C (131)
Wednesday November 21, 2012, 2:11 am
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