At the top of the list of water profiteers is the CK Hutchinson group. This conglomerate is run by the family of Li Ka Shing, who at the last count was the 23rd richest person in the world. CK Hutchinson is run from Hong Kong but registered in the Cayman Islands, one of the many tax havens used by the group.
Tag: privatisation
Reversing The Tide: Spain Moves Into Water Remunicipalization
David Sánchez/Food and Water Europe Valladolid, a city of around 300,000 inhabitants took the first step to recover public control of water management Just one year ago we were arguing about how Spain was still resisting the last wave of water privatization, as a result of austerity policies and debt, seasoned with corruption scandals. But as… Continue reading Reversing The Tide: Spain Moves Into Water Remunicipalization
Free Trade agreement between the EU and Canada threatens water management
Secret negotiations of free trade agreement between the European Union and Canada leaves loopholes that can allow water to be considered a trade-able good, says the European Water Movement. During the negotiations of the free trade agreement between the European Union and Canada (know as CETA), the European Commission always maintained that water would be… Continue reading Free Trade agreement between the EU and Canada threatens water management
Jakarta court cancels world’s biggest water privatisation contract
A Jakarta court nullified water contracts signed by the authorities with the French water company Suez for not fulfilling the human right to water for Jakarta’s residents. The 18 year old contract was signed between the Indonesian government and Suez in 1997 during Suharto’s regime, that residents alleged was a corrupt deal. A broad coalition… Continue reading Jakarta court cancels world’s biggest water privatisation contract