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Coca-Cola, Nestle To Privatize World’s Second Largest Aquifer in Brazil

Coca-Cola, Nestle To Privatize World’s Second Largest Aquifer in Brazil

A concerted push is underway in South America that could see one of the world’s largest reserves of fresh water soon fall into the hands of transnational corporations such as Coca-Cola and Nestle. According to reports, talks to privatize the Guarani Aquifer – a vast subterranean water reserve lying beneath Argentina, Brazil, Paraguay, and Uruguay – have already reached an advanced stage. The deal would grant a consortium of U.S. and Europe-based conglomerates exclusive rights to the aquifer that would last over 100 years. Named after the Guarani indigenous people, the Guarani Aquifer is...

March 4, 2018
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