Newsletter
Nestle/Blue Triton, Now Soon to be NewCo
Water Affordability
Water Grabs
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Newsletter: Fall 2024
Apparently, as the first stage in flipping this private equity firm and running off with a major profit, Blue Triton has merged with another water company and changed its name to NewCo. This entity is soon to trade on the New York Stock Exchange and is no longer a private company. Dean Metropolis, however, will be heading it up to give the appearance that it is still the same entity, entitled to use the same permits. Our allies in Colorado question this assumption and are pursuing legal rulings on such permit transfers.
Meanwhile, our allies in California have had significant victories in their ten year battle to shut Nestle/Blue Triton down in the San Bernadino Valley, where they have been pumping on expired permits. The US Forest Service denied the request for a permit. Of course, Blue Triton immediately sued, but there is hope that they will finally be kicked out of the valley and Strawberry Creek will be restored.
Here in Michigan, MCWC has negotiated a continuation of the settlement terms with Nestle in Mecosta County that were due to expire soon, and Blue Triton has agreed to continue the terms of the monitoring agreement. A new hydrologist, paid for by Blue Triton, will receive the data and keep MCWC informed of compliance. That settlement in 2009 has resulted in restoration of the Deadstream. We are currently working to achieve a similar restoration plan for the damaged ecosystem in Evart involving Twin and Chippewa Creeks.
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5 Surprising Facts About Bottled Water:
- 1/4 of bottled water is just tap water
- 1/3 of bottled water violates water quality standards
- Bottled water is a thousand times more expensive than tap water
- One million water bottles are purchased every minute
- 91% of plastic water bottles are not recycled
