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PETER McKENNA: At what price could parched U.S. tap into Canada's water?

PETER McKENNA: At what price could parched U.S. tap into Canada's water?

Our closest neighbour to the south has a serious problem — and I’m not talking about racial animus, gun violence or political polarization. No, I’m referring to water shortages that the United States has never experienced before. To put it bluntly, the U.S. is literally running out of accessible water. And without water, the lives of millions of Americans are in immediate danger. I mean, you can’t live without safe water to drink.

How colonial systems have left some First Nations without drinking water

How colonial systems have left some First Nations without drinking water

Rebecca Zagozewski, executive director of the Saskatchewan First Nations Water Association, said she has seen contractors save on costs when building water treatment plants on reserves by using obsolete parts and failing to include maintenance manuals, ventilation or chemical rooms, and bathrooms. “Engineering companies will put in their bids obviously as low as they can go,” said Zagozewski.

‘Incredibly destructive’: Canada’s Prairies to see devastating impact of climate change

‘Incredibly destructive’: Canada’s Prairies to see devastating impact of climate change

As the climate continues to warm at an alarming rate, experts warn if dramatic steps to mitigate global warming are not taken, the effects in Canada’s Prairie region will be devastating to the country’s agriculture sector. According to Environment and Climate Change Canada, the country is warming, on average, about double the global rate. Scientists with the National Oceanic and Atmospheric Administration in the U.S. recently found 2020 was earth’s second-hottest year on record, with the average land and ocean surface temperature across the globe at 0.98 of a degree C above the 20th-century average. However, the agency found the northern hemisphere saw its hottest year on record, at 1.28 degrees C above the average.

Can Wall Street help us find the true price of water?

Can Wall Street help us find the true price of water?

Despite the apparent abundance of water in Canada, she said, low prices mean the best-quality water in many regions — such as Southern Ontario groundwater — is in increasingly short supply and is being overused. Roy Brouwer, executive director of the Water Institute at the University of Waterloo, said that when he came to Canada from the Netherlands five years ago, he was surprised by the low price and wasteful misuse of water in this country.