At the end of 2020 the water “futures” of California, the largest state in the United States in population and economy, were floated on Wall Street for the first time, under the banner of Nasdaq Veles California Water Index.1 It was the first flotation of its kind, offering potential investors the opportunity to hedge against the future availability of water in California: in simple terms, to get rich from the scarcity of the most important substance for all human, animal and plant life to survive.
In the wake of the local and EU elections it was reported in the Irish Times (10 June) that up to 70,000 households could be charged for wasting water from next year. Charges could be as much as €500 for a household.
Fine Gael has reneged on holding a referendum on the ownership and management of our water. This has been done with the collusion of Fianna Fáil and some of the independents—despite their pontifications on how water charges were a “red line” in the deal that was done with Fine Gael […]