Major transnational conglomerates are lobbying governments in Latin America to achieve the privatisation of the second bigger aquifer system in the world.
According to the Brazilian press, the lobbying in South America concerns the Guarani Aquifer located underneath Brazil, Argentina, Paraguay, and Uruguay. Two-thirds of the aquifer – or 1.2 million km²– are located in Brazil.
A consortium of companies that includes a number of European behemoths is looking for a 100-year concession. The consortium has managed to secure a nod from Argentina, Paraguay, and Brazil. Uruguay remains the sole hold-out, having yet to approve the concession.
An aquifer is an underground layer of permeable rock or material that can be used to extract groundwater from a water well.