- Nestle now controls the water supply both Aberfoyle and Middlebrook Ontario
- Nestle draws up to 3.6MM litres daily at Aberfoyle and expects to draw 1.6MM from Middletown
- Parts of southern Ontario and British Columbia face severe drought conditions
Summary
- A small but fast growing Ontario community looking for a safe drinking water supply has been outbid in its attempt to buy a well by multinational giant Nestlé, which acquired the site to ensure "future business growth."
- Nestlé, which can already take up to 3.6 million litres of water a day for bottling at its site in nearby Aberfoyle, Ont., bought the well from Middlebrook Water Company last month after having made a conditional offer in 2015.
- A spokesman for Nestlé said the company had "no idea" the other bidder for the five-hectare site was the Township of Centre Wellington, but it waived all conditions and matched the competing offer so it could complete the purchase
Mechanics of the Deal aka the "Parked Bid"
-analysis by Vince Lanci
- Nestle Parks a "conditional" Bid for Water, then goes "Over the Top" when another bidder shows up
- Nestle then claims it did not know about the other bidder
- Classic "I was first" trading tactic
- Nestle had a conditional bid in for the Middlebrook Well (conditions being on quality)
- A nearby township bid higher for the well
- Nestle then dropped its conditions and matched the bid, winning the well
If you are not livid about this as a Canadian then you will get what you deserve. Corporations are buying the most precious natural resource on earth and selling it back to you. Government is supposed to protect essentials for its people. They are supposed to keep certain things out of corporation hands. Now Canada is selling the most essential resource next to air that exists, water.
So while its cousin the the south, the USA begins to embrace socialism in the form of nationalized health care, Canadian politicians are embracing capitalism by selling water to Nestle?
American politicians are corrupt and willfully naive when money is waved in their face.
What does that make Canadian Politicians who say that Nestle taking water "has no effect" like Guelph Mayor Cam Guthrie does?- repulsive comes to mind
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Thirsty? Incompetent/ Corrupt Pols are Letting Companies buy your Water
Authored by Nadia Prupis of Commondreams | Corporate giant Nestlé continued its privatization creep on Thursday as it won approval to take over another Canadian community’s water supply, claiming it needed the well to ensure “future business growth.”
Nestlé purchased the well near Elora, Ontario from Middlebrook Water Company last month after making a conditional offer in 2015, the Canadian Press reports.
In August, the Township of Centre Wellington made an offer to purchase the Middlebrook well site to protect access to the water for the community. Consequently, the multinational—which claimed it had no idea the community was its competitor—waived all its conditions and matched the township’s offer in order to snag the well for itself.
Those conditions included conducting pump tests to determine if the watershed met the company’s quality and quantity requirements, the Canadian Press reports.
Moreover, Nestlé has stated that the Middlebrook site will only be a backup for its other nearby well and bottling plant in Aberfoyle, where the corporation already draws up to 3.6 million liters (roughly 951,000 gallons) of water a day. The company reportedly plans to extract as much as 1.6 million liters (almost 423,000 gallons) a day from Middlebrook to be transported to its bottling facility.
All this comes as parts of southern Ontario and British Columbia face severe drought conditions amid dwindling water supplies and Nestlé pushes to renew its permits for its Aberfoyle plant, the advocacy group Council of Canadians warned.
The organization on Thursday launched a Boycott Nestlé campaign which states, “Groundwater resources will not be sufficient for our future needs due to drought, climate change, and over-extraction. Wasting our limited groundwater on frivolous and consumptive uses such as bottled water is madness. We must not allow groundwater reserves to be depleted for corporate profit.”
Council of Canadians chairperson Maude Barlow told the Canadian Press about the Aberfoyle plant, “Allowing a transnational corporation to continue to mine this water is a travesty, especially given that most local people can get clean, safe, and affordable water from their taps.”
In her new book Boiling Point: Government Neglect, Corporate Abuse, and Canada’s Water Crisis, Barlow writes that Nestlé makes more than $2 million a year in profits from its Aberfoyle facility alone.
She also noted to the Canadian Press that the Elora well “sits on the traditional territory of the Six Nations of the Grand River, 11,000 of whom do not have access to clean running water.”
Read more by Soren K.Group