Jennifer Franco, Satoko Kishimoto, Sylvia Kay, Timothé Feodoroff, Gloria Pracucci
20 October 2014
Water grabbing refers to situations where powerful actors take control of valuable water resources for their own benefit, depriving local communities whose livelihoods often depend on these resources and ecosystems.
Transnational corporations, particularly gas & oil industry, and banking have continued to benefit extraordinarily from the ongoing economic and financial crisis, says Brid Brennan, who presents TNI's State of Power Report 2014 at the Public Eye Awards in Davos.
Non-governmental organisations are putting pressure on multilateral financial institutions not to finance production of shale gas by hydraulic fracturing or fracking because of the high environmental costs they say are associated with this method.