For Immediate Release
Disaster Capitalism Hits Puerto Rico with Whitefish Sweetheart Deal
Statement by Wenonah Hauter, Executive Director, Food & Water Watch
WASHINGTON - “Whitefish’s contract with the Puerto Rican Electric Power Authority (PREPA) sets a dangerous precedent that brings disaster capitalism to Puerto Rico’s recovery. The deal is audacious cronyism filled with loopholes that benefit the company, not the Puerto Rican people.
“Government officials have rightly criticized the deal, from Congressional Democrats to the Governor of Puerto Rico. Now, Puerto Rico’s Financial Oversight and Management Board is seeking to appoint an emergency manager to PREPA, a first step on the road to privatization. We saw how taking control away from accountable local officials worked out in Flint. What’s more, Puerto Rico already had a failed experiment with water privatization. Whether it’s water or energy, privatization helps Wall Street, not communities.
“These recent climate disasters underscore that we need a new way forward that puts people first. We need to fully fund a just and equitable humanitarian response and a sustainable reconstruction that makes Puerto Rico resilient to climate shocks. Clean, renewable energy is not only the future--it is the only way to avert the worst climate chaos ahead. Legislation recently introduced by Rep. Tulsi Gabbard, the Off Fossil Fuels for a Better Future Act, mandates a just and swift transition nationwide by 2035. We could start this transition right now in Puerto Rico.”
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Food & Water Watch is a nonprofit consumer organization that works to ensure clean water and safe food. We challenge the corporate control and abuse of our food and water resources by empowering people to take action and by transforming the public consciousness about what we eat and drink.