Submission + - Water is The New Oil
theodp writes: Newsweek reports on a company called True Alaska Bottling that has purchased the rights to transfer 3 billion gallons of water a year from Sitka, Alaska’s bountiful reserves. If all goes according to plan, 80 million gallons of Blue Lake water will soon be siphoned into the kind of tankers normally reserved for oil and shipped to a bulk bottling facility near Mumbai. From there it will be dispersed among several drought-plagued cities throughout the Middle East. Think of it as a proof of concept for turning life's most essential molecule into a global commodity. By definition, a commodity is sold to the highest bidder, not the customer with the most compelling moral claim, so it's little surprise that the transfer of so much water from public hands to private ones troubles some. 'Water has been a public resource under public domain for more than 2,000 years,' says attorney James Olson. 'Ceding it to private entities feels both morally wrong and dangerous.'