Published September 29, 2009
by dbazely
Sitting in a research centre with a mandate to engage in sustainability-related research across the entire university, means that I usually get to hear all sides of arguments. And there is certainly debate about everything. While the lack of consensus, or diversity of opinion, that exists in academia, may often confuse members of our society who don't have the luxury of reading primary peer-reviewed literature, the fact is, that debate and argument are at the crux of what we do as academics. (And, yes, there IS overwhelming agreement in the peer-reviewed literature that human-created greenhouse gases from the burning of fossil fuels are enhancing the planetary greenhouse effect).
These days, I frequently listen to divergent, and passionate opinions on whether carbon markets, carbon taxes, and carbon offsets are good or bad. This debate is especially heated among members of the academic community interested in the link between climate change, ecological footprints, adaptation and mitigation, and poverty reduction.
My view, is that humans are hard-wired to trade stuff. Shopping, the souq, local farmer's markets, the Christmas bazaar, the summer fete, and the invention of money all come out of this fundamental behaviour. So, whether or not one thinks, that carbon offsets are the modern day equivalent of buying indulgences in the hope of saving one's soul, there will eventually be prices put on previously largely unpriced resources such as carbon and water. This will happen just as soon as we have agreed-upon ways of quantifying them. Advocates for human rights, justice and equity simply must ensure that they have seat at these negotiating tables. The fact that Canada's failure to endorse water as a human right keeps popping up as a topic at campus World Water Day celebrations, emphasises this for me.
I have been very interested to encounter, in my role as IRIS' Director, in the last few years, businesses that aim at engaging with the practicalities of these incipient and emerging resource markets. For example, I recently received in my inbox, the XPV Waterview Newsletter for July/August 2009, which I actually opened, and read. After digesting the last line, "This should not be construed as an offering document and is solely intended to inform readers of recent developments with XPV Capital and the water sector.", I read the newsletter again. Then I discovered more of these newsletters buried in my inbox and they were great, too. My interest was piqued, and I then went to the website, to try and figure out exactly who had put together such an interesting and informative document with an amazing cartoon about beavers, that I will certainly refer to in my Ecology lectures.
So, XPV Capital is, quite simply, a VC (venture capital) or investment firm with a great website, especially its "water facts" feed and news updates. I learned outfrom the "About" page, that:
"XPV Capital Corporation partners with entrepreneurs in emerging water companies by:
• Investing capital to ignite your growth; and
• Leveraging our extensive knowledge, expertise, and contacts to help build your business.
XPV is committed to helping you and your business succeed. As experienced water entrepreneurs and investment professionals, we understand the unique opportunities and challenges of emerging water companies. We work hard to give you the competitive advantage that only the right investor partnership can deliver."
Now, I am a biologist, who teaches the water cycle and has been showing the marvellous 1993 Dutch government documentary, "Troubled Water" in my 2nd year Ecology course for years. But, here are business people, aware of the same data and information as I am, and acting upon them in quite a different way. As Mr. Spock would say, "fascinating". The XPV website also told me on the investments page:
"The way we produce, manage, and use water is forced to change and is impacting governments, corporations, and citizens around the world. This drastic transformation in the water industry will create unprecedented investment opportunities as water transitions from a simple life sustaining substance taken for granted by many, into one of the most economically and socially valuable resources of the 21st century." Given our propensity as a species, to trade stuff, this is bang-on, and, to my mind, indicative of the obvious next steps to emerge, following the concerns raised by such books such as Marq De Villier's Water (2001), and Vandana Shiva's Water Wars (2002). Although, it's taken longer than I would have thought it would.
Even in Canada, we need to manage and conserve water more effectively - and I for one am delighted that XPV is generating business and investment in this area that highlights these needs. I look forward to reading more newsletters.
Dawn R. Bazely
PS Troubled Water, the documentary, reports how "In a fictitious newcast from the year 2018, reporters discuss a future where water is scarce, and the causes of the crisis are found in the past, in poor management and lack of understanding of the many uses for water, for food through recreation, that have to be managed as well, in order to conserve water for the future." (Video 0572 in York U's Sound and Moving Image Library)
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