Re: NAFTA and Water

[Bill Burgess <burgess@xxxxxxxxxxx>]

I am also looking for info on this one. I may not have all the details
right, but I understand that at some point the BC government granted
permits to 2 companies to export water. They later withdrew the permits and
have reportedly compensated the BC-based company; Sun Belt is demanding
'equal treatment'.

Bill

At 10:35 AM 08/12/99 -0600, you wrote:
>Does anyone have any more information on this case?Excerpted
>from Globe and Mail Oct 23, 1999. Commentary by Eric Reguly.
>
>    "..Last week, Sun Belt Water, the California company
>behind the first serious effort to turn Canada's water into
>an international commodity, formally slapped the federal
>government wtih a suit, claiming up to $10.5 billion (US) in
>compensation under NAFTA's investment provisions. Sun Belt
>claims it deal to export water from British Columbia to
>California by tanker was thwarted in the early 1990's when
>British Columbia slapped a moratorium on bulk water
>exports.........Sun Belt's demand: Give us the water or give
>usall the money we would have made had the deal proceeded."
>   Cheers, Ken Hanly
>
>
>