For Immediate Release
Peter Hart, firstname.lastname@example.org, 732-266-4932
Massive Water Merger Would Create Dangerous Corporate Monopoly
Water privatization schemes will only hurt consumers and enrich shareholders.
WASHINGTON - Today, Veolia announced an agreement in principle to acquire Suez through a $15 billion deal that would merge the two largest water corporations in the world.
In response, Food & Water Watch Public Water for All Campaign Director Mary Grant issued the following statement:
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“Veolia’s plan to dominate public water services all across the globe is becoming a terrifying reality. The merger of the world’s largest water corporations will erode any semblance of competition for water privatization deals. This lack of competition will worsen our water affordability crisis, eliminate good union jobs, and open the door to cronyism and corruption.
“Water privatization has been a disaster for communities across the United States and around the world. Municipalities struggling with budget crises linked to the COVID pandemic may consider selling off their valuable water systems as a short-term response to plug budget gaps. This would create long-term harm. Communities must revert all privatized water and sewer systems to public control to ensure safety and affordability for all.”
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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.