Investment banker Goldman Sachs has famously been described by the Rolling Stone’s business writer Matt Taibbi (July 2009) as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” So it’s a good idea to take notice whenever that Vampire Squid moves its blood funnel towards something. Having profited handsomely from the Wall Street bailouts, the Squid has smelled money in a new direction: water privatization.
In January 2010, Goldman Sachs, General Electric, and the World Resources Institute (WRI), a Washington-based think tank, together launched a water “initiative” to develop an index measuring water-related risks facing companies and their investors. As their news release put it, “In many regions around the world, water scarcity from climate change and pollution is starting to impact a company’s performance, yet few analysts account for water-related risks.”

