This is our 2nd post about boycotting Nestle because of their greedy actions over buying up water supplies for pennies (or fractions of pennies) and selling it back to people with a 500,000% mark up or more.
Eg. Buying 1 litre of water for $0.01 and selling it for $5.00.
Across Canada Nestle is invading small towns and buying up water rights for pennies on the dollar, bribing local politicians under the table, and then destroying the local water economy. The small towns then see higher rates for their consumption of water due to a water shortage, while Nestle continues to pump out millions of litres for fractions of pennies on the dollar.
Eg. 1 miĺlion litres for $5,000 seems like a good deal, until you find out that it is equal to $0.005 per litre. Half a penny per litre.
Meanwhile the shortage of water causes the townsfolk to have their water bills skyrocket because there is no cap on how much water Nestle can take. They can literally take ALL of the water if they wanted to and sell it back to the locals with a 500,000% to 1,000,000% mark up in price.
One such town in Ontario is the scenic Elora (home to the Elora Gorge). The town of Elora has been in a battle with the Nestle corporation over control of wells. For Elora, the availability of water isn't just an issue of keeping drinking water in the pipes affordable, the town's economy also relies on tourism drawn to the beautiful Elora Gorge. If Nestle pumps so much water out of the local water table that it ruins the economy, and drives up the cost of water bills, they could end up destroying the local economy and holding the townsfolk's water supply hostage.
And that is just the story of one town. There are many towns where Nestle is doing this. Buying up wells, paying tiny fees for removing millions of litres of water, and holding the local water supply hostage. The company is downright villainous.
We saw the image below on Facebook and decided to share it here. Please join us in boycotting all Nestle products.