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John,

As a crushing climate change-driven drought continues across the Western United States, over a million Californians are without access to clean water.

Unfortunately, special corporate interests are seeking to take advantage of this water crisis in California. In December 2020, following a devastating wildfire season and in anticipation of a major drought, the Chicago Mercantile Exchange launched the world’s first water futures market, allowing hedge funds and Wall Street financial interests to gamble on water prices in California.

These financial speculators are on a dangerous mission to profit from water shortages and price hikes due to climate change-driven drought. No one should be allowed to gamble with clean, safe water!

Take action to protect water access from Wall Street hedge funds and other financial speculators. Tell Congress to ban water futures trading!
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It’s dangerous to allow financial speculators to profit off of climate change-driven water shortages and drive up prices on a resource that we all need to live. The only ones that would benefit from water futures trading are stock market gamblers.

Water is a human right, not a commodity! It should benefit all people, not enrich financial speculators.

Senator Elizabeth Warren and Rep. Ro Khanna introduced the Future of Water Act – legislation to ban water futures trading. This bill will protect water as a human right by declaring that water is not a commodity for Wall Street speculators to gamble with.

Tell your members of Congress to co-sponsor the Future of Water Act (HR 7182, S 3886) to ban water futures trading!
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TAKE ACTION
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As the climate change-induced drought in California continues, leaving communities lacking access to clean water, Wall Street should not be profiting off of water or water rights. Water should be affordable, easily accessible and guarded from futures markets prone to manipulation and speculation that could cause real-world price increases.

To protect our communities and small farms, Congress must rein in corporate water abusers and end water futures trading.

Urge your members of Congress to co-sponsor legislation that would stop financial speculators from gambling with our water now.
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Thanks for taking action,

Mary Grant
Public Water For All Campaign Director
Food & Water Action
P.S. Want to learn more about how the water futures market is gambling with our water? Check out our fact sheet!
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