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"When the well's dry, we know the worth of water" |
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Thursday, 02 April 2009 |
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MEDIA RELEASE
The above quote is one of many credited to noted 18th
century polymath Benjamin Franklin. However it is also the tag line of a
US-based, investment advisory group, Summit Global Management.
Should this be of the slightest interest to Australians? -
Most definitely: This organisation has just purchased over 20 million dollars
worth of high-security water from the Murray-Darling Basin. Fair Water Use
has been
informed by a reliable source that Summit plans to further increase its
stake in the nation’s water over coming months. |
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Murray-Darling water and the P-word |
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Monday, 01 September 2008 |
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MEDIA RELEASE
Twelve
months ago, John Corboy, co-convenor of Foodbowl Unlimited, ex-Chairman of SPC
and strong proponent of the Victoria?s north-south pipeline, went on record as
stating that the future for agriculture in the Goulburn Valley was ?not all
gloom and doom? as Australian farmers stand to benefit from the impact of two ecological
time-bombs: the impending collapse of the largely ground-water irrigated
agricultural sector in Northern China, home to around half of the country?s
population of 1.3 billion, and the ever-worsening degradation and pollution of
river systems in India and China.
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Swire Group: look to your corporate conscience |
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Wednesday, 27 August 2008 |
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MEDIA RELEASE
Sadly,
the recent statement by Clyde Agriculture?s managing director, that Toorale
Station will be sold to the highest bidder, comes as no surprise. Clyde
Agriculture is a subsidiary of the massive UK-based, transnational corporation,
the Swire Group, whose holdings include Cathay Pacific
Airways.
Fair
Water Use notes that the
following statement appears on the Swire Group web-site:
?Swire takes its
environmental responsibilities very seriously. As a major diversified business
group, we are very conscious of the impact our activities may have on the
environment. As a responsible corporate citizen, we recognise that we have a
duty to our customers, our staff and shareholders, and to the communities in
which we do business, to continually strive to lessen that
effect.?
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Cubbie: international water trader? |
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Wednesday, 09 July 2008 |
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MEDIA RELEASE: 9th July 2008
In a recent interview with Australian
Cotton Outlook (3rd July 2008), managing director of the Cubbie
Group, John Grabbe, indicated that the group is actively promoting its
value to potential Chinese and European investors on the basis of its current
water allocations; rights which they acquired and hold at virtually no cost: ?What we do know is there is an enormous
amount of interest out of Europe in agriculture, in particular water and
agriculture," he said.
This statement comes at a
time when south of Cubbie, despite the vast majority of the upper Darling catchment
having received ABOVE AVERAGE or VERY MUCH ABOVE AVERAGE rainfall over the last nine months
(Source: Australian Bureau of Meteorology), the Darling River has all but
ceased to flow once again.
Fair Water Use condemns this desperate attempt to ?export? the
ever-dwindling resource that is Murray-Darling water and views Mr Grabbe?s
statement as a strong indication that Cubbie will continue to extend and
tighten the tourniquet it has placed on the upper reaches of the Darling
catchment.
The Foreign Investment
Review Board must block this proposal which, if successful, would only worsen
the long-term prognosis for the Murray-Darling.
Fair Water Use repeats its call to Prime Minister Rudd to grasp
the opportunity to purchase the ailing white-elephant enterprise and its vast
and questionable water rights: with one stroke of his pen, Mr Rudd could
provide invaluable emergency and long term support for the struggling river
system. |
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What is the exact situation, Mr de Lacy? |
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Sunday, 29 June 2008 |
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MEDIA RELEASE
In the course of a recent ABC interview (28th
June 2008), involving Keith De Lacy (Chairman of the Cubbie Group) and Dr
Ian Douglas of Fair Water Use, Mr De Lacy stated that his group is
responsible for the extraction of only 0.2 % of Murray-Darling flow. This
paltry amount does not sit too well with the well-known fact that Cubbie?s
combined water storages have a capacity in excess of 500 gigalitres: more than
one third of that required to revive the entire system.
Fair Water Use is privy to information which questions
whether Mr De Lacy?s comments are in fact an accurate assessment of the impact
of the Cubbie Group, inasmuch as the 0.2% figure may only factor-in water that
is extracted directly from the river system itself. We are informed that
the vast majority of the water they impound has been prevented from entering
the system by massive earthworks that they have undertaken, and continue to
develop, on the flood plains, now acting as a tourniquet on flows into the
headwaters of the Darling.
Even if run-off volumes are excluded, there is still
much doubt about the accuracy of the percentage directly extracted by the
Cubbie Group from the Condamine and Balonne Rivers of the northern Darling, as
their figure is based on ?average? flows, with no indication of the actual period
over which this was calculated. The Murray itself is experiencing
record-breaking drought in terms of both severity and duration, whilst rainfall
in the upper Darling catchment has been average or above average in recent
years.
If this is indeed the case, it is totally
inappropriate for Mr De Lacy and his board to state that Cubbie has an ?almost
negligible? impact on the Murray-Darling system and to continue their arrogant
rejection of the increasing body of opinion which condemns their untenable
exploitation of the nation?s water resources, virtually donated to the group
less than a decade ago.
Fair Water Use urges the Cubbie Group to clarify this
issue prior to the upcoming COAG meeting: Australians deserve no less. |
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