Hundreds of billion litres more since 2018.
In 2019, we first reported on how foreign countries were landing on our shores and buying up water entitlement rights in some of the country’s most cherished locations.
Fat forward to 2023, and these numbers have only grown since then, according to data just released by the Australian Taxation office (ATO) examining the year ending June 2022.
The new statistics reveal foreigners now own or have a significant share in 4,503GL of Australian water entitlements, which is 11.3% of all the entitlements across the country, the ATO says.
This is up from 4,035 gigalitres when we first did our piece in 2019 for the year ending 2018.
This is about nine Sydney Harbours, and as you can see, it is up nearly 500GL in the last four years.
A gigalitre is one billion litres of water, for context, meaning we have seen an increase of hundreds billion of litres of water handed over to foreign interests since 2018.
About half of this is in the food and fibre producing Murray-Darling Basin, where the proportion of foreign ownership is higher at 11.7%.
A water entitlement is an ongoing legal right to a share water from a particular water resource.
The biggest foreign owners include Canada, with 2.1% of all Australian water entitlements, the U,S, with 1.8%, China with 0.8% and the U.K. with 0.8%.
The main uses of foreign-held water entitlements are agriculture (69.3%) and mining (19.0%).
Canada’s large ownership is mainly due to the holdings of pension fund, PSP, which has poured $6.5 billion into Australian agriculture in the past eight years to become a major presence in the production of cotton and grain, organic meat, fruit and vegetables, wine, dairy, walnuts and more.
The fund owns more than 3m hectares of farmland and is the biggest owner of irrigation water entitlements in the Murray-Darling, after investing in several major cotton operations.
A few years ago, I wouldn’t have cared about good old Canada being on the list. When we did our piece in 2018, the U.S. was the leader. But the emergence of WEF-backed Justin Trudeau raises some red flags.
As we all stare down a coming ‘water crisis’, we must all keep an eye on this creeping takeover.
As part of Australia’s water reforms a decade ago, water entitlements can be traded separately to land, incentivising the use of water for the highest value crops. But it has also led to concerns that some companies are stockpiling entitlements and manipulating the market.
It has also led to less healthy water that is available to the public — decisions that are already starting to be felt and will become a major issue in the near future as a ‘crisis’ looms.
Researchers suggest that combinations of drought, environmental pollution and population growth has the potential to create water instability across the world by 2030.
By 2025, the United Nations says that two-thirds of the world may be facing ‘water shortages’.
Fast forward to 2023, and Sydney’s drinking water is now “unlikely to remain healthy over the coming decade”, according to a report handed to the New South Wales government.
After a three-year audit, the scathing assessment of the city’s water supply found seven of the 18 key indicators for the water system’s health were “worsening”.
The audit also found there posed a risk to the city’s main water catchment to continue providing adequate, good quality water to the greater Sydney area.
While they sell off our water rights, the water we do have is getting worse and worse.
Starting to see the problem with this narrative here?
Now, what are the odds that our very predictions are now starting to be talked about by the elitist parasite minions that can be found at forums like WEF and others:
Yes, something we will all “get on board with”.
So, as you can see, water is an issue that will absolutely become central in the near future.
But, as we have explored: Are we really facing a ‘shortage’ of water? Or just a shortage of ‘free water’?
Much of the world’s fresh water has been bought up and privatised by massive corporate behemoths.
Outside of these statistics, we also witnessed a glimpse of this during the 2019-20 bushfire season, where water from Tamborine Mountain in Queensland was unable to be used to assist the fighting efforts due to it being owned by Coca-Cola Amatil for overseas bottling.
So, it’s not the fact that there isn’t any water.
The concern is with the water allocated to us.
Now hundreds of billi down.
Indeed, we must all keep our eyes on this evolving story on the road to Agenda 2030.
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