April, 11 2012, 12:44pm EDT

For Immediate Release
Contact:
Darcey Rakestraw, 202-683-2467; drakestraw(at)fwwatch(dot)org
Food & Water Watch Announces New Program Scrutinizing Market-Based Schemes Affecting Common Resources
WASHINGTON
Today, national consumer organization Food & Water Watch announced a new program to scrutinize the largely unchallenged claims that market-based schemes like pollution trading, water markets, privatization and commodification of common resources will help reduce pollution and manage our water resources.
"Unfortunately, the most powerful financial interests have determined that trading money, risk and related financial products outperforms the profitability of manufacturing products or even trading goods and services," said Wenonah Hauter, Executive Director of Food & Water Watch. "And in this age of increased competition for natural resources, these interests have their eye on placing natural resources, like clean water and clean air, at the mercy of the market."
To address the global financial crisis, powerful financial interests and their allies are touting the "green economy," a vague and ill-defined program promoted by the United Nations as the solution to the global climate crisis. They define nature in terms of capital, prices, profits and markets. Much lauded by the banking industry, this "financialization of nature" reduces the value of water and other life-giving resources to exchangeable financial instruments. It opens the door to the future prophesied by Citibank chief economist Willem Buiter, who predicts that water will become the most important physical commodity-based asset class in 25 to 30 years. He predicts that spot markets for water will be integrated and that other derivative water-based financial instruments will be exchange-traded and traded over the counter.
But these market-based schemes are largely voluntary and entirely unregulated, representing a drastic departure from the regulation of pollution that helped clean our air and water in the latter half of the 20th century. Food & Water Watch and its allies will be present at Rio+20, the United Nations forum that marks the 20th anniversary of the first UN Conference on Sustainable Development, to protect the UN-recognized human right to water and to reveal how cap-and-trade schemes represent a commodification of nature, not an earnest attempt to address greenhouse gas emissions.
"It's dangerous to cede regulation of polluters to these schemes that essentially turn one company or farm's pollution -- or lack thereof -- into an opportunity for others to keep polluting," said Hauter. "What's even more upsetting is that a few non-profit organizations with corporate ties are paving the way to lock natural resources management into the future structure of capital markets. It is not too late to turn back the clock and to move away from these unverifiable schemes and to advocate for a regulatory system that prevents pollution."
According to a Food & Water Watch report released today, Bad Credit: How Pollution Trading Fails the Environment, cap-and-trade relies on unverifiable offsets and a permit allocation scheme that benefits current polluters at the expense of everyone else. Furthermore, the price volatility of pollution credits fails to incentivize companies to actually change their operations to limit pollution. Meanwhile, the same investment houses that made a profit from the deregulation of the housing and finance sectors and the energy sector have supported cap-and-trade legislation.
Even though many environmentalists cite industry opposition as a key factor in the defeat of U.S. cap-and-trade legislation to control greenhouse gas emissions at the federal level, industry players have long lobbied on behalf of such market-based approaches to pollution regulation. According to the report, cap-and-trade is based on an obscure economic theory that gained prominence when it was embraced by the Reagan administration as a replacement for regulating air emissions.
"There is an ideological battle being fought that is affecting our common resources. If we let market fundamentalists and industry-funded non-profits tout market-based mechanisms as innovative solutions to our resource problems, we're ignoring proven methods of reducing pollution and simply speculating on nature," said Mitch Jones, Director of the Common Resources Program at Food & Water Watch. "These schemes are a smokescreen, giving the appearance of regulation and action while at the same time giving industries carte blanche to continue using and abusing our precious resources -- and letting the banking industry profit from it."
In its effort to scrutinize cap-and-trade and the "green economy," the Common Resources program will largely focus on the following issues:
- Pollution Trading Schemes in the Chesapeake Bay and Beyond: Water quality trading, a type of cap-and-trade scheme that does not effectively address the issue of agricultural run-off or industrial pollution, is being promoted by the U.S. Department of Agriculture and the U.S. Environmental Protection Agency in places like the Ohio River Basin and the Chesapeake Bay.
- Water Markets: Water markets are another step in the privatization of public resources. But water is essential for all life, and pricing water like a widget is inappropriate and inhumane, subjecting the essential human need for water to the indifference of the marketplace. At the most extreme, companies cornering the water market will price out the poor.
- Public-Public Partnerships: Privatization has failed to increase investment in our water services or improve efficiency. Instead, it often has led to deteriorating infrastructure, service disruptions and higher prices for poorer service. A different model, called public-public partnerships (PUPs), can be a more effective method for providing services. PUPs bring together public officials, workers and communities to provide better service for all users more efficiently.
- Catch Shares and Offshore Aquaculture: Food & Water Watch's fisheries work, which includes catch shares -- a cap-and-trade scheme for fisheries management -- and factory fish farming, will be under the Common Resources program. Privatizing our fisheries is devastating fishermen and their communities.
For more information, read the following Food & Water Watch reports:
Bad Credit: How Pollution Trading Fails the Environment
Fish Inc.: The Privatization of U.S. Fisheries Through Catch Share Programs
Public-Public Partnerships: An Alternative Model to Leverage the Capacity of Municipal Water Utilities
Priceless: The Market Myth of Water Pricing
Water = Life: How Privatization Undermines the Human Right to Water
Casino of Hunger: How Wall Street Speculators Fueled the Global Food Crisis
Food & Water Watch mobilizes regular people to build political power to move bold and uncompromised solutions to the most pressing food, water, and climate problems of our time. We work to protect people's health, communities, and democracy from the growing destructive power of the most powerful economic interests.
(202) 683-2500LATEST NEWS
'Authoritarian Theater' Meets 'Pure F*cking Idiocracy' as Trump Promises White House UFC Match
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP," said one critic. "But, you'll get UFC fights on the White House lawn. America F-Yeah!"
Jul 05, 2025
Critics of President Donald Trump's announcement of a planned Ultimate Fighting Championship event on White House grounds to celebrate the United States Semiquincentennial next year took to social media Friday to call the proposal something "straight out of 'Idiocracy'"—the comedy cult classic about a dumbed-down 26th-century America—and condemn what one detractor called "authoritarian theater."
"Every one of our national park battlefields and historic sites are going to have special events in honor of America 250," Trump said at the Iowa State Fairgrounds Thursday. "We're going to have a UFC fight—think of this—on the grounds of the White House."
Yearning for a time when every new day isn't exponentially dumber than the day before.
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— Dave Vetter (@davidrvetter.bsky.social) July 4, 2025 at 2:57 AM
While Octagon aficionados cheered the prospect of a 1600 Pennsylvania Avenue fight card, many observers couldn't help but notice parallels with the plot of Mike Judge's 2006 film "Idiocracy," a satirical skewering of issues including the erosion of White House decorum in a future when IQs have plummeted and a sports drink corporation owns the country, whose voters elect Dwayne Elizondo Mountain Dew Camacho, "five-time ultimate smackdown champion and porn superstar," as president.
"If anyone defends Trump saying there will be a UFC fight on the White House lawn never listen to them again," former Republican Congressman Adam Kinzinger of Illinois wrote on the social media site X Friday, adding that Trump's announcement was like the "plot to 'Idiocracy' with an equally stupid-ass president."
Another X user fumed: "This is what happens when a failed empire hits rock bottom and throws a party about it. UFC fight on the White House lawn to celebrate 250 years of what used to be a country with brains. This ain't strength, this is pure fucking Idiocracy. Straight out of Rome before it burned, give the mob a fight and some burgers while the world collapses around them.
Yet another social media critic joked that "'Idiocracy' was actually a documentary from the future, sent back in time as a warning to us all."
Some critics pointed to the decadeslong business ties between Trump and UFC President and CEO Dana White, who has donated at least $1 million to Trump's campaign coffers.
Others noted the "bread and circuses" vibes of Trump's proposed event, which some called a cynical ploy meant to distract from the devastating impact of policies like Friday's signing of a multi-trillion-dollar tax cut that will overwhelmingly benefit the rich and corporations, while ballooning the deficit and leaving millions of Americans without desperately needed health insurance coverage and food assistance.
"Americans, you won't have healthcare, Medicaid, public schools, nursing homes, rural hospitals, or SNAP. But, you'll get UFC fights on the White House lawn," New York Times opinion contributor Wajahat Ali wrote on Bluesky. "America, F-YEAH!"
Writing for The Guardian Saturday, Karim Zidan asserted: "Donald Trump's UFC stunt is more than a circus. It's authoritarian theater."
"It carries shades of fascist Italy under Benito Mussolini, particularly its obsession with masculinity, spectacle, and nationalism—but with a modern, American twist," he wrote. "Fascist Italy used rallies, parades, and sports events to project strength and unity."
"Similarly, Trump has relied on the UFC to project his tough-guy image, and to celebrate his brand of nationalistic masculinity," Zidan continued. "From name-dropping champions who endorse him to suggesting a tournament that would pit UFC fighters against illegal migrants, Trump has repeatedly found ways to make UFC-style machismo a part of his political brand."
"There was once a time when the U.S. could point to the authoritarian pageantry of regimes like Mussolini's Italy and claim at least some moral distance. That line is no longer visible," he added. "What was once soft power borrowed from strongmen is now being proudly performed on America's own front lawn."
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"Experts warned for months that drastic and sudden cuts at the National Weather Service by Trump could impair their forecasting ability and endanger lives during the storm season," said one critic.
Jul 05, 2025
As catastrophic flooding left scores of people dead and missing in Texas Hill Country and President Donald Trump celebrated signing legislation that will eviscerate every aspect of federal efforts to address the climate emergency, officials in the Lone Star State blasted the National Weather Service—one of many agencies gutted by the Department of Government Efficiency—for issuing faulty forecasts that some observers blamed for the flood's high death toll.
The Associated Press reported Saturday that flooding caused by a powerful storm killed at least 27 people, with dozens more—including as many as 25 girls from a summer camp along the Guadalupe River in Kerr County—missing after fast-moving floodwaters rose 26 feet (8 meters) in less than an hour before dawn on Friday, sweeping away people and pets along with homes, vehicles, farm and wild animals, and property.
"Everybody got the forecast from the National Weather Service... It did not predict the amount of rain that we saw."
"The camp was completely destroyed," Elinor Lester, 13, one of hundreds of campers at Camp Mystic, told the AP. "A helicopter landed and started taking people away. It was really scary."
Kerr County Sheriff Larry Leitha said during a press conference in Kerrville late Friday that 24 people were confirmed dead, including children. Other officials said that 240 people had been rescued.
Although the National Weather Service on Thursday issued a broad flood watch for the area, Texas Division of Emergency Management Chief Nim Kidd—noting that the NWS predicted 3-6 inches of rain for the Concho Valley and 4-8 inches for the Hill Country—told reporters during a press conference earlier Friday that "the amount of rain that fell in this specific location was never in any of those forecasts."
After media reports & experts warned for months that drastic & sudden cuts at the Nat Weather Service by Trump could impair their forecasting ability & endanger lives during the storm season, TX officials blame an inaccurate forecast by NWS for the deadly results of the flood.
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— Ron Filipkowski (@ronfilipkowski.bsky.social) July 5, 2025 at 3:19 AM
"Listen, everybody got the forecast from the National Weather Service," Kidd reiterated. "You all got it; you're all in media. You got that forecast. It did not predict the amount of rain that we saw."
Kerrville City Manager Dalton Rice also said during the press conference that the storm "dumped more rain than what was forecasted" into two forks of the Guadalupe River.
Kerr County judge Rob Kelly told CBS News: "We had no reason to believe that this was gonna be anything like what's happened here. None whatsoever."
Since January, the NWS—a branch of the National Oceanic and Atmospheric Administration (NOAA)—has reduced its workforce by nearly 600 people as a direct result of staffing cuts ordered by the Department of Government Efficiency, or DOGE, as part of Trump's mission to eviscerate numerous federal agencies.
This policy is in line with Project 2025, the Heritage Foundation-led blueprint for a far-right overhaul of the federal government that calls for "dismantling" NOAA. Trump has also called for the elimination of the Federal Emergency Management Agency, arguing that states should shoulder most of the burden of extreme weather preparation and response. Shutting down FEMA would require an act of Congress.
Many of the fired NWS staffers were specialized climate scientists and weather forecasters. At the time of the firings, Rep. Jared Huffman (D-Calif.), the ranking member of the House Natural Resources Committee, was among those who warned of the cuts' deadly consequences.
"People nationwide depend on NOAA for free, accurate forecasts, severe weather alerts, and emergency information," Huffman said. "Purging the government of scientists, experts, and career civil servants and slashing fundamental programs will cost lives."
Writing for the Texas Observer, Henry D. Jacoby—co-director of the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change—warned that "crucial data gathering systems are at risk."
"Federal ability to warn the public is being degraded," he added, "and it is a public service no state can replace."
On Friday, Trump put presidential pen to congressional Republicans' so-called One Big Beautiful Bill Act, a $4 trillion tax and spending package that effectively erases the landmark climate and clean energy provisions in the Inflation Reduction Act signed by then-President Joe Biden in 2022.
As Inside Climate News noted of the new law:
It stomps out incentives for purchasing electric vehicles and efficient appliances. It phases out tax credits for wind and solar energy. It opens up federal land and water for oil and gas drilling and increases its profitability, while creating new federal support for coal. It ends the historic investment in poor and minority communities that bear a disproportionate pollution burden—money that the Trump administration was already refusing to spend. It wipes out any spending on greening the federal government.
Furthermore, as MeidasNews editor-in-chief Ron Filipkowski noted Saturday, "rural areas hit hardest by catastrophic storms are the same areas now in danger of losing their hospitals after Trump's Medicaid cuts just passed" as part of the budget reconciliation package.
At least one congressional Republican is ready to take action in the face of increasing extreme weather events. Rep. Marjorie Taylor Greene (R-Ga.)—who once attributed California wildfires to Jewish-controlled space lasers—announced Saturday that she is "introducing a bill that prohibits the injection, release, or dispersion of chemicals or substances into the atmosphere for the express purpose of altering weather, temperature, climate, or sunlight intensity."
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Muhannad al-Lili's killing by Israeli airstrike came as the world mourned the death of Portugal and Liverpool star Diogo Jota and his brother André Silva in a car crash in Spain.
Jul 04, 2025
Muhannad Fadl al-Lili, captain of the Al-Maghazi Services Club and a member of Palestine's national football team, died Thursday from injuries suffered during an Israeli airstrike on his family home in the central Gaza Strip earlier this week, making him the latest of hundreds of Palestinian athletes killed since the start of Israel's genocidal onslaught.
Al-Maghazi Services Club announced al-Lili's death in a Facebook tribute offering condolences to "his family, relatives, friends, and colleagues" and asking "Allah to shower him with his mercy."
The Palestine Football Association (PFA) said that "on Monday, a drone fired a missile at Muhannad's room on the third floor of his house, which led to severe bleeding in the skull."
"During the war of extermination against our people, Muhannad tried to travel outside Gaza to catch up with his wife, who left the strip for Norway on a work mission before the outbreak of the war," the association added. "But he failed to do so, and was deprived of seeing his eldest son, who was born outside the Gaza Strip."
According to the PFA, al-Lili is at least the 265th Palestinian footballer and 585th athlete to be killed by Israeli forces since they launched their assault and siege on Gaza following the October 7, 2023 Hamas-led attack on Israel. Sports journalist Leyla Hamed says 439 Palestinian footballers have been killed by Israel.
Overall, Israel's war—which is the subject of an International Court of Justice (ICJ) genocide case—has left more than 206,000 Palestinians dead, maimed, or missing, and around 2 million more forcibly displaced, starved, or sickened, according to Gaza officials.
The Palestine Chronicle contrasted the worldwide press coverage of the car crash deaths of Portuguese footballer Diogo Jota and his brother André Silva with the media's relative silence following al-Lili's killing.
"Jota's death was a tragedy that touched millions," the outlet wrote. "Yet the death of Muhannad al-Lili... was met with near-total silence from global sports media."
Last week, a group of legal experts including two United Nations special rapporteurs appealed to the Fédération Internationale de Football Association, the world football governing body, demanding that its Governance Audit and Compliance Committee take action against the Israel Football Association for violating FIFA rules by playing matches on occupied Palestinian territory.
In July 2024, the ICJ found that Israel's then-57-year occupation of Palestine—including Gaza—is an illegal form of apartheid that should be ended as soon as possible.
During their invasion and occupation of Gaza, Israeli forces have also used sporting facilities including Yarmouk Stadium for the detention of Palestinian men, women, and children—many of whom have reported torture and other abuse at the hands of their captors.
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