A provincial government proposal to market Alberta’s water could lead to multinational corporations owning a life-sustaining resource, a public advocate says.

Bill Moore-Kilgannon, executive-director of Public Interest Alberta, is concerned that water in this province could become owned by the international hedge funds that have bought up Australia’s water rights.

The result in Australia has been that these private corporations now control growth, expansion, and even the kind of crops farmers can grow. “The price of water has sky-rocketed” because these companies flip these rights for a massive profit, added Moore-Kilgannon.

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