Sunday, September 25, 2016

Canadian town steams over Nestlé bid to control local spring water well...

A small town in Ontario, Canada, has prompted fresh scrutiny of the bottled-water industry after its attempt secure a long-term water supply through the purchase of a well was outbid by the food and drinks multinational Nestlé.

When authorities in Centre Wellington, population of about 30,000, learned that Nestlé had put a bid on a spring water well in their region, they scrambled over the summer to counter with a competing bid. The goal was to safeguard a water supply for the township’s fast-growing population, Kelly Linton, the mayor, told the Guardian. “By 2041, we’ll be closer to 50,000 so protecting our water sources is critical to us.”

Using a numbered company, the municipality submitted what Linton described as an “aggressive bid” for the five-hectare site. “We put in more money than they did and we removed all conditions.” He declined to specify the exact amount of the bid.

An agreement forged with Nestlé after its initial bid, made 18 months earlier, gave the company the right to respond. “They had the opportunity to match our offer and that’s how we lost on that on that one,” said Linton. Full story...

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