Fact Sheets: Financialization Of Nature

Con demasiada frecuencia, cuando un economista o banquero mira los bosques vírgenes o los ríos fluyendo libremente, no ve la naturaleza — ve “capital natural.” Este concepto promueve la idea de que a nuestros recursos naturales se les debe atribuir un valor y que deben administrarse bajo principios basados en el mercado de la oferta [...]

In 1977, Congress passed a set of amendments to the 1972 Federal Water Pollution Control Act. Together, the original act and the amendments came to be known as the Clean Water Act (CWA). The CWA set a strong and simple standard that polluting is illegal, and that the national goal is zero discharge of pollution into our public waterways. Failing achievement of zero discharge, the CWA set limits on discharges.

In 1977, Congress passed a set of amendments to the 1972 Federal Water Pollution Control Act. Together, the original act and the amendments came to be known as the Clean Water Act (CWA). The CWA set a strong and simple standard that polluting is illegal, and that the national goal is zero discharge into our public waterways. Failing achievement of zero discharge, the CWA set limits on discharges.

Investment bankers and other major financial players are increasingly interested in taking control of water and sewer services across the United States. Private equity vehicles are armed with more than $100 billion for infrastructure worldwide. Although most deals in the U.S. water utility market have involved existing private sector companies, a number of fund managers anticipate that the ongoing fiscal crisis will drive some governments to privatize their water infrastructure. To make that prediction a reality, major financial interests are backing various government proposals that facilitate privatization and private investment bankers and other major financial players are increasingly interested in taking control of water and sewer services across the United States. Private equity vehicles are armed with more than $100 billion for infrastructure worldwide. Although most deals in the U.S. water utility market have involved existing private sector companies, a number of fund managers anticipate that the ongoing fiscal crisis will drive some governments to privatize their water infrastructure. To make that prediction a reality, major financial interests are backing various government proposals that facilitate privatization and private financing of public infrastructure.

The United States and the European Union are moving toward privatizing their fisheries management systems through catch shares, while Iceland, with one of the world’s oldest and most comprehensive catch share programs, is struggling to find a way to dismantle its program. Why? The answer is that catch shares have failed Iceland’s fisheries and the nation as a whole.