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annabanana

(52,791 posts)
Fri Apr 20, 2012, 06:58 AM Apr 2012

Shocking Conflict of Interest: Private Water Companies Partner With Fracking Lobby

Source: AlterNet

Two of the country's largest private water utility companies are participants in a massive lobbying effort to expand controversial shale gas drilling -- a heavy industrial activity that promises to enrich the water companies but may also put drinking water resources at risk.

The situation -- which some watchdogs describe as a troubling conflict of interest -- underscores the complex issues raised by the nationwide push to privatize infrastructure and services like water, prisons, and roads.

The water companies -- American Water and Aqua America -- are leading drinking water suppliers in Pennsylvania, where drilling is booming. They also sell water to gas companies -- which use a drilling technique that requires massive amounts of water -- and have expressed interest in treating drilling wastewater, a potentially lucrative opportunity.

These investor-owned, publicly traded water utility companies are also dues-paying "associate members" of the gas industry's powerful Marcellus Shale Coalition, a fact confirmed by coalition spokesman Travis Windle, who says associate members pay $15,000 annually in dues. "Our associate members are really the backbone of the industry," adds Windle.

Read more: http://www.alternet.org/story/155065/shocking_conflict_of_interest%3A_private_water_companies_partner_with_fracking_lobby?akid=8621.71875.Zhj4xN&rd=1&t=5



I swear to God these people are going to kill us all.
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Shocking Conflict of Interest: Private Water Companies Partner With Fracking Lobby (Original Post) annabanana Apr 2012 OP
Have you hugged an investor today? raouldukelives Apr 2012 #1
It's true annabanana Apr 2012 #2
'The more freedom they have the less of a world we will leave behind.' SO TRUE. freshwest Apr 2012 #3
WTF? They want bottle and sell fracking water? xtraxritical Apr 2012 #4
This is F*ing Criminal NCcoast Apr 2012 #5

raouldukelives

(5,178 posts)
1. Have you hugged an investor today?
Fri Apr 20, 2012, 09:26 AM
Apr 2012

No scheme is to obscene to profit from in the eyes of Wall St. The more people invested in the market the less freedom we have. The more freedom they have the less of a world we will leave behind.

annabanana

(52,791 posts)
2. It's true
Fri Apr 20, 2012, 10:10 AM
Apr 2012

"free market" just means "free capital".. The concept of LABOR being free to pursue it's own best interest is quashed at every turn.

NCcoast

(480 posts)
5. This is F*ing Criminal
Fri Apr 20, 2012, 07:07 PM
Apr 2012

This is a crime against humanity period. According to what I've seen T Boone Pickens is doing exactly the same thing. Buying up land with aquifers in Minnesota while fracking elsewhere. This is what I find exasperating about Obama and Holder. They let stuff like this happen when the executives of companies who do things like this should be perp walked into the slammer for a speedy trial. Is there nothing too egregious to make these men do their jobs? Oh yeah,maybe if one of these assholes had a joint in their pockets while they're poisoning the well. Oh wait, what am I saying? That's for us little people. How much drug money did Wells Fargo launder? $380 billion? Eric Holder is a joke.

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