Local residents could begin to feel a financial pinch at the kitchen
sink as more private investment firms take aim at public water
utilities.
That’s according to a new report from a
citizen’s advocacy group that shows some major financial players, like
JPMorgan Chase, Australian bank Macquarie and the Carlyle Group, are
taking advantage of the public sector’s slow recovery from the recent
recession by buying up public utilities.
Emily Carroll, Midwest regional director at Food & Water Watch,
said Chicago’s water infrastructure system isn’t “at risk of being
sold, per se.” But Carroll warned that Mayor Rahm Emanuel’s
controversial Infrastructure Trust will smooth the path towards public-private ownership of some Chicago utilities. Read more »