Big business sees water scarcity as a money-making opportunity. Joyce Nelson uncovers the dodgy dealings of the Aqueduct Alliance.
In January 2010, investment banker Goldman Sachs, along with General Electric and a high-powered Washington thinktank called the World Resources Institute (WRI), announced the launch of a new index measuring water-related risks facing companies and their investors.
In the words of their corporate news release: ‘In many regions around the world, water scarcity from climate change and pollution is starting to impact a company’s performance, yet few analysts account for water-related risks.’
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