Bottled Water Big for Multinationals on Yahoo News
Posted: Tue Mar 21, 2006 11:42 pm
Bottled Water Big for Multinationals
-So the world's poor buy bottled water from Coke, Pepsi and other multinational companies.
-private companies make much more money selling bottled water than they ever did developing public water systems. Companies also stand to benefit from a renewed push for big dams in the Third World.
-Multinationals — Pepsi, Cadbury, Nestle, Danone and Coca-Cola — supply most of the bottled water in Mexico, now the world's second-largest consumer.
-Sales of bottled water in China jumped by more than 250 percent between 1999 and 2004. They tripled in India and almost doubled in Indonesia, according to a study released by the Earth Policy Institute, a Washington-based environmental group.
-Worldwide, the industry is now worth about $100 billion per year.
-So the world's poor buy bottled water from Coke, Pepsi and other multinational companies.
-private companies make much more money selling bottled water than they ever did developing public water systems. Companies also stand to benefit from a renewed push for big dams in the Third World.
-Multinationals — Pepsi, Cadbury, Nestle, Danone and Coca-Cola — supply most of the bottled water in Mexico, now the world's second-largest consumer.
-Sales of bottled water in China jumped by more than 250 percent between 1999 and 2004. They tripled in India and almost doubled in Indonesia, according to a study released by the Earth Policy Institute, a Washington-based environmental group.
-Worldwide, the industry is now worth about $100 billion per year.