Edmonton sells off sewage plant
Sale could create problems under NAFTA.
January 22, 2009 — Despite overwhelming opposition, Edmonton city council has narrowly approved the sale of a key sewage treatment plant.
The 7-6 decision to sell the Gold Bar plant comes in spite of a recent warning that the selloff could create problems for the city under international trade deals like the North American Free Trade Agreement.
The plant has been sold to Epcor, a city-owned utility that operates as a private corporation. The company has been aggressively pursuing water privatization through P3 deals, particularly in British Columbia. The company plans to use its ownership of the Gold Bar plant to win wastewater privatization contracts in other communities. EPCOR intends to leverage the plant and other assets to maximize its borrowing capacity and to use that new capital to expand its business interests elsewhere, exposing the city to financial risk. . .
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Links and sources
Edmonton sells off sewage plant, by CUPE, January 22 2009
Posted: January 25, 2009
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