Don’t Privatize Water ...Middle East

It was 2015, and the city of Missoula, Montana, was fighting to take control of its water supply. Missoula’s privately owned waterworks had recently been sold to Mountain Water, a company owned by the private equity behemoth Carlyle Group. The mayor, John Engen, approved the sale after being wined and dined in Washington and led to believe that Missoula’s water was but a drop in Carlyle’s bucket, and the firm would voluntarily sell the system to the city. But after Missoula made its bid for the waterworks for about $50 million, and the company came back asking for $120 million, talks stalled.The city decided to use eminent domain to seize the waterworks, and the two parties went to court. Mi

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Last updated : 01 April 2022 clock 01:14 PM

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