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When Private Capital Owns Water – Is Price Gouging Inevitable?

Touch the Soil News #1356 (Feature photo – Irrigating Crops – Public Domain)

Duxton Water in Australia is simply an investment fund that owns entitlements and allocations to 18.5 billion gallons of water each year. The investment fund says its “primary objective” is to “generate annual income through capitalizing on the increasing demand for scarce water resources”.

Now the company is under investigation by the Australian government for gouging struggling farmers with “ridiculous” water prices. The company reports massive windfall profits. You can read the full story here:

9News journalist Chris OKeefe brings us the story about water gouging that may be rippling around the world more frequently as demand makes a basic need unaffordable:

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