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John,

Wall Street is on a dangerous mission to profit from water price hikes from climate change-driven droughts and shortages by trading water futures.

Water is a human right, not a commodity for financial speculators to gamble with. Urge your members of Congress to co-sponsor the Future of Water Act to stop financial speculators from gambling with our water!
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Onward,
Mary Grant
Public Water For All Campaign Director
Food & Water Watch

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John,

No one should be allowed to gamble with clean, safe water – but that’s exactly what Wall Street is 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.

Senator Elizabeth Warren and Representative Ro Khanna recently introduced the Future of Water Act – legislation to ban water futures trading. This bill will protect water as a human right by declaring that water is not a commodity for Wall Street speculators to gamble with. Tell your members of Congress to co-sponsor the Future of Water Act (HR 7182, S 3886) that would ban water futures trading!
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In December 2020, following a devastating wildfire season and anticipating another major drought in California, the Chicago Mercantile Exchange launched the world’s first water futures market, allowing stock market traders to gamble on water prices in California.

It’s dangerous to allow financial speculators to profit off 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 would benefit from water futures trading are stock market gamblers.

Water is a human right – it should benefit all people, not enrich financial speculators. Urge your members of Congress to co-sponsor legislation that would stop financial speculators from gambling with our water.
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Send Your Message
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As climate change has increased the severity and frequency of drought in our country, Wall Street should not be profiting off 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.

Putting an end to water rights futures trading would stop this dangerous speculation and protect our communities and agricultural producers. Water is a human right – not a commodity!

Protect water access from Wall Street hedge funds and other financial speculators: Tell Congress to ban water futures trading!
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Thanks for taking action,

Mary Grant
Public Water For All Campaign Director
Food & Water Watch

P.S. Want to learn more about how the water futures market is gambling with our water? Check out our fact sheet!
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