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Who Will Control The World’s Water: Governments Or Corporations?

April 10, 2015

Who Will Control The World’s Water: Governments Or Corporations?

Water is perhaps the world’s most important resource, and one of the most common resources. For decades water was regarded as a common good, and it was plentiful enough that in most parts of the world there was little money to be made off of it. Now as the world’s population continues to grow, all of that is changing. Late in March, Tetra Tech was awarded a $1B five year contract to help support the US Agency of International Development (USAID) and its water development strategies. Tetra Tech will help USAID by collecting data related to water use, develop water management strategies, and help improve access to water in select areas.

This contract is far from the first in the area of water management. Today there are numerous companies focused on earning a profit based on water management, water provision, and water remediation. There are at least ten major corporations working in the area including three that between them supply water to 300 million people in 100 countries. These three corporations, RWE/Thames, Suez/ONDEO, and Veolia control vast swaths of water systems in Europe and are now looking at a less saturated market; the United States. The US has its own share of large water companies including American Water Works, ITT Corp, and GE Water, but most Americans are still served by publicly owned utilities and this presents a new opportunity for corporations in the space.

 

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