No one should be allowed to gamble with your water – but that’s exactly what big financial interests are trying to do by trading water futures. They’re on a dangerous mission to profit from water price hikes from climate change-driven droughts and shortages.
The Future of Water Act would stop this dangerous practice by banning water futures trading, which allows large financial institutions to speculate on water. This bill will protect water as a human right by declaring that water is not a commodity for financial speculators to gamble with.¹
It’s dangerous to allow financial speculators to profit off of climate change-driven water shortages and drive up prices on a resource that we all need to live. From increased water prices to the loss of small family farms, the only people who benefit from water futures trading are market gamblers.
As climate change has increased the severity and frequency of drought in our country, big financial interests should not be profiting from water or water rights. Water should be affordable, easily accessible, and guarded from markets prone to manipulation and speculation that could cause real-world price increases, not enrich financial speculators.
The Future of Water Act would end water rights futures trading and stop this dangerous speculation, protecting communities and agricultural producers. Water is a human right – not a commodity!
Food & Water Watch and its affiliated organization, Food & Water Action, are advocacy groups with a common mission to protect our food, water and climate.
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