Video

Financialization of Nature: Darcey O’Callaghan (7 of 10)

As major investors seek new ways to make the huge returns they became accustomed to during the pre-crash era, many are seeing the increasing scarcity of a number of natural resources as an opportunity. Private investors are already making huge profits in food, energy and metal markets. Now they are working with national governments and international agencies to create new markets for other aspects of nature, including water, land, carbon, species, habitats and biodiversity.

With the upcoming Rio+20 Earth Summit focusing on building a “green economy” and institutions like the World Bank developing ways to put a price on nature, this discussion is more relevant than ever. Participants will examine the ways that nature is being “financialized” and how international civil society is responding. By highlighting on-the-ground examples, the roundtable will raise questions about whether commodification and financialization are the best ways to manage local resources globally, or if there are better ways forward.

Presenters:

Antonio Tricarico, Campagna per la Riforma della Banca Mondiale
Daniel Moss, Our Water Commons
David Kane, Maryknoll Office of Global Concern
Devlin Kuyek, GRAIN (Montreal)
Shayda Naficy, Corporate Accountability International
Mitch Jones, Food & Water Watch
Darcey O’Callaghan, Food & Water Watch

Sponsoring organizations: Corporate Accountability International, Food & Water Watch, Friends of the Earth US, Heinrich Boell Foundation, Institute for Agriculture and Trade Policy, Institute for Policy Studies, Maryknoll Office for Global Concerns, and Public Citizen

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