Just like homeowners who do not think twice about water supply when they turn on the tap, financial advisors considering investing in companies or new products took water for granted. The same went for governments and multi-lateral finance institutions, like the World Bank and the Asian Development Bank, when they considered loans to build dams, power plants, and mines.
That was before the world’s population and demand for water soared. It was before climate change disrupted previously stable cycles of rain, snow, and storms. It was before the Internet strengthened global alliances that helped train and support civic organizations that oppose water-wasting and polluting projects. And it was before water-related risks were a factor in causing a lengthening string of big dams, mines, power plants, and farm projects around the world to fail, resulting in billions of dollars in losses… Read more from Circle of Blue