WATER FINANCIALIZATION EXPOSED IN NEW REPORT ON EVE OF WTO MEETING; INCLUDES CRITIQUE OF PROPOSED MPHANDA NKUWA DAM IN MOZAMBIQUE

Tomorrow, December 3, the World Trade Organisation (WTO) talks are to begin in Bali. More information about the WTO talks in Bali can be found here. Today, on the eve of these talks, Friends of the Earth International (FoEI) launched a new report exposing how trade and investment strategies, including WTO negotiations, act as economic drivers of water financialization. The report is available online here.

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Justiça Ambiental (JA, FoE Mozambique) provided a case study, and was joined by cases from Argentina, Australia, Colombia, El Salvador, England, Mexico, Palestine, Sri Lanka, Switzerland, United States, and Uruguay.

The cases show the crimes of many corporations, financial institutions, trade agreements and cooperation strategies which are paving the way for water privatisation and financialisation.

A shocking case study in this report exposes the major water injustices faced by Palestinian people in the Occupied Palestinian Territories (West Bank and Gaza Strip). Highly unequal distribution of water and structural barriers to water was also witnessed by Daniel of JA who joined a solidarity trip to the West bank last month. Most water resources are concentrated in the hands of Israel and this is leading to structural environmental racism.

JA’s case study called “Do not damage our life” exposes how the proposed Mphanda Nkuwa dam will further devastate the Zambezi valley. The beautiful Zambezi River, one of Africa’s most important rivers, has been dammed in 2 places already: the Kariba dam in Zimbabwe/ Zambia and the colonial day Cahora Bassa dam in Mozambique. Now the Mozambican government wants to build a new dam just 70kms downstream from Cahora Bassa. This dam will further devastate the Zambezi delta ecology and will displace communities from their homes, villages and livelihoods. JA has been opposing this dam for over 12 years now.

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Senhor Morais and his family, which will be affected by the proposed dam. Photo credit: Anabela Lemos

But yet this destructive dam continues to be planned. Recently it was revealed that there are significant conflicts of interest and involvement at the highest levels: with the Presidents of South Africa (Zuma) and Mozambique (Guebuza). A recent article by Oxford scholar and JA member, James Morrissey in the Mail and Guardian exposes how personal self-interest and corporate interest are outweighing lives and livelihoods in the Zambezi valley.

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Traditional boat-making in the Zambezi valley. Photo credit: Daniel Ribeiro

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