Coca-Cola And Nestle To Privatize The Largest Reserve Of Water In South America

in news •  9 months ago

Will anyone stop those bullies from taking humans rights down?

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Private companies such as Coca-Cola and Nestlé are allegedly in the process of privatizing the largest reserve of water, known as the Guarani Aquifer, in South America. The aquifer is located beneath the surface of Brazil, Argentina, Paraguay and Uruguay and is the second largest-known aquifer system in the world.

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Reported by Correiodo Brasil the major transnational conglomerates are “striding forward” with their negotiations to privatize the aquifer system. Meetings have already been reserved with authorities of the current government, such as Michel Temer, to outline procedures required for private companies to exploit the water sources. The concession contracts will last more than 100 years.

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The first public conversation about this dilemma was scheduled on the same day the process of voting for the impeachment of President Dilma Rousseff was opened. As Central Politico reports, “This coincidence was fatal for the adjournment of the meeting.”

“There must be another list of projects to be granted or privatized in the medium term, with auctions that may occur in up to one year, such as Eletrobras energy distributors and freshwater sources,” adds the news site, translated via Google from Portuguese.

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This issue extends beyond South America, as all humans will be affected by the decision to privatize the second-largest aquifer system in the world. Essentially, the corporations are profiting off a natural resource that should be freely available to all.

Read more:
https://truththeory.com/2018/02/05/coca-cola-nestle-privatize-largest-reserve-water-south-america/

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