While the Mainstream Media bleats about Climate Change and interviews clueless Extinction Rebellion protestors, here’s what’s really causing Aussie’s drought!
Bush fires are a normal part of the natural cycle, but when the ground is this dry, things quickly get out of hand. PAY ATTENTION NEW ZEALAND: We could be next. Be under no illusion; the climate emergency narrative serves as a handy diversion for the real corruption that’s killing our environment. MH.
Water restrictions for you, an endless supply for them: How a foreign corporate giant is snapping up 89 BILLION litres of Australia’s H20 as the country suffers its worst drought ever
- Singaporean company is selling Australian water for $490m to Canadian fund
- It comes as the tightest ever water restrictions are imposed on worried citizens
- Olam is selling 89,085 megalitres of its permanent water rights in Australia
A unit of Olam International is selling 89,085 megalitres (about 89 billion litres) of its permanent water rights in Australia for A$490 million (S$458 million).
The sale to an entity related to the Public Sector Pension Investment Board (PSP Investments) – one of Canada’s largest pension investment managers – is expected to be completed later this month.
Agri and food giant Olam is expected to book a one-time pre-tax capital gain of about A$311 million.
Separately, PSP Investments is buying about 12,000ha of almond orchards and related assets in the Australian state of Victoria that were previously leased to Olam Orchards Australia (OOA). More at source in header link
And not just an Australian problem: