ouch is there a. current affair that matter. how does the. hello i'm a very in forget in doha the top stories on al-jazeera the u.k. has completed its split from the e.u. leaving the single market and customs union at 11 pm london time on new year's eve prime minister barak's johnson hailed it as an amazing moment this is an amazing moment for this country we have our freedom in our hands and he is up to us to make the most of it and i think it will be the overwhelming instinct of the people of this country to come together as one united kingdom england scotland wales and northern ireland working together to express our values around the world

leading both the g 7 and the cop 26 climate change summit in glasgow but a barber in london has more on the reactions from both sides of the pranks of debate. in his new year's eve message boris johnson didn't really go to great lengths to talk about bret said but as you just heard he was celebrating it he says it allows the country to do things do things differently and better his chief negotiator david frost similarly saying the u.k. was now a fully independent country deciding its own affairs well that's not how they see it in the e.u. of course we've heard in the last 12 hours from president micron of france saying that the u.k. remains our neighbor but also our friend and ally but in that address he also said that this brics it was the child of the european malays and of many lies and false promises so an admission that there had been weaknesses in the e.u.

but stressing that he thought it was a great shame a mistake even what had happened similarly the irish foreign minister simon kovan he has said that it's not something to celebrate and regretting that the relationship between ireland and the u.k. is about to change will of course islands and northern oil and parts of the u.k. share of the island of islands there will be a transition period before customs checks have to happen on goods coming from great britain into northern ireland but that's one example of red tape that surround the corner for businesses in the u.k. and has the latest from the border crossing at cal a. we have seen the 1st trucks arrive from the u.k. to the european union via from. this gateway now to the e.u. they arrive 1st by the channel tunnel which links the u.k. to france and behind me in fact that was the 1st ferry the pulled in

a short while ago carrying cargo trucks and now for customs officials here it really has been an opportunity to put into place what they have been practicing now for several years but it's a place they're a so-called small its border emergency hospitals could be brought into use in the u.k. as a more infectious strain of coronavirus puts pressure on the health system many hospitals are now dealing with more patients than they were at the peak of the outbreak in april 3 quarters of england is in the strictest tear of lockdown the u.s. state of california has passed 25000 coronavirus related deaths medical workers are struggling to cope with a housing patients in hallways conference rooms and gift shops fewer than 3000000 people across the u.s. a been vaccinated against code at 19 and that's far short of the government's target of inoculation 20000000. artists in the gaza strip are using graffiti and murals to encourage people to take precautions against the coronavirus it's hoped

will raise awareness about the need to mosques and to keep a social distance gaza strip is experiencing a rise in the number of infections there's no word yet on when vaccinations will begin that. medics across brazil of held a minute's silence to mark the new year staff at the intensive care unit in sao paulo are among those paying tribute to colleagues and patients affected by covert 19 cases continued to surge in the country as recorded more than a 1000 deaths for the 3rd day in a row. despite the difficulties of 2020 many have been celebrating the new year but on a much smaller scale in new york's times square only a few invited guests were allowed including health care workers there's the headlines now at al-jazeera it's lords of war. ready.

but you don't it is a goal of perfect british or something to make you see picasso the silk all stitched implement fossil much rather don't deny to hook onto the accounts do what you did on my list only press if rising northwards across the u.k. london 39 degrees breaking the july record called fast to the god of the love given that i live i'd like to believe it was god an iraq that will soon go to coexist for bill who called it all god's will to. make equally tell you. don't smoke some believe you're sure to preach to me don't i don't know a specific gnome to make sure. some are 2019 in europe illustrated the urgency of the climate crisis which claimed its 1st victim. water. the demand is going straight up and the supply is going straight down i mean it is dark it's stark.

feminazi me when i'm granting. immunity on the money does you know more news when it rains down going from this nearly 2 thirds as a matter of fact in my wrist to farmers have seen their homes destroyed while mothers my due to the climate will be on the go to bring you. the rain today 70 percent of the earth's pure water that is used to refute consumption . it has become the most coveted resource on the planet we. all. need to. try not doing anything because water to die and say hey you go. you won't be wearing any clothes you won't be using your mobile phone you won't be driving

a car might be living in a house you won't be. having breakfast might be having less be having dinner with. water ease in paper thing that we do you. need. to save humanity wall street wants to start a revolution. make water profitable and create water markets just like oil markets . water falls from the sky therefore should be free whenever i hear that i always say diamonds are current nature and they're not free. it's a financial product like any other financial montes change. on the way around i want to and i really wanted $95.00 i believe i'm on that good just at the beginning to some water financial revolution. what about the guy that can't afford it

back i still needs water. and. the blue gold rush has begun. anyone stopped. the human right to water means that it's not a charity it's an issue of justice. this is the issue of our time this is the crisis of our time with financial pressure on human mobilisation rising the battle over water has already begun who will come out on top the planet the people the markets. if you thought the hot weather was bad this weekend just wait until tomorrow the 5th day of our heat wave is expected to be incredibly uncomfortable and potentially dangerous as the middle of a very hot today it's moving in from the midwest where they've been dealing with this well 3 eights and now it's moving here to the east coast secret stick around for several days becoming won't make more time

a commodity is listed on the stock picks. bet on its price and if wolf street replicates the australian model. money and you have a since the sub prime crisis causing economic ruin for countries and individuals the financial giants have been looking for new areas to invest in. in june 20th. the investment bank goldman sachs starts to one. is water the new oil. the firm invites his top clients to take a bet on the future. goldman sachs the conference that was me i used to work at goldman sachs and in 2008 that

was a conference that i held there's this absolute into it of the peel that says population growth is outstripping the water supply that must mean companies are engaged in the water business are a sure thing that there can't mess they get mesmerized by these mega trend appeals and water. does water the next oil we set it up as a question and then mostly dismissed it. water does not have sophisticated trading market and has no substitutes. the question is not going to go away we're just probably not ready for it yet. goldman sachs and its investors must wait. public opinion is not ready and.

it's not until 2015 and the international climate change conference in paris that the will lead is finally declare a state of emergency. we act here if we act now. of replace our own short term interest behind the air that our young people will bring even the food that they will eat no water that they will drink. in the hopes and dreams that sustain their lives then we won't be too late for them. in the developed world for the last 100 years we haven't had to think about our water or worry about our water it's been essentially unlimited where ever we want it whenever we want it it's been really inexpensive no one thinks about their water bill they don't say oh take a shorter shower the water's too expensive i think that era is over.

climate change is going to have a huge impact on water availability around the world the same amount of water is going to be available in the big picture but we don't live in the big picture we live in a specific place we raise our food in a specific place and so the movement of that water will have a dramatic impact on how cities manage their water and how we are able to grow food to feed over. the climate that much unseen demands radical change wall street green box on its mission. citi group one of the largest u.s. banks publishes a report announcing the end of free water. if you're wasting water on

a gigantic scale in certain regions like california southern spain b.r. seeing a scarcity of water some to extreme degrees i mean you have had thankless silver's water. sailing to barcelona. there is no alternative to pricing water properly and making people realize that every time they take a sip of water there is an opportunity cost and they feel it in their wallet how else are you going to get people to use less if you give it to them for free. the dam has broken. the soft sounds of liberalism roll out to celebrate the union of finance and on time. they are going to see asset markets

selling water to deliver to us even the high frequency traders that fans would become interested so know everybody sees this as opportunity did will come your question is just when and who will push it 1st and hardest. what would be their motivation in coming. profits while also you know. indirectly doing good for humanity so it's the best of all possible worlds it could be better it's very our morrow to tread water but would it be immoral to trade water because what is life he pay for health care. just because it's life doesn't mean it's cannot be priced.

the last stage in the financial is a sign of 4 times. the long term a stock market index to bet on want to prices by nasdaq a stock exchange specializing in technology. this is the 1st time that water has been reduced to an hour. the man who came up with the equation works in central london. as a former trader in a swiss bank he launched the carbon markets industrialist trade rights to pollute

in the form of credits. before he discovered water. water used to be free in the old but the world is changing is too much stress on the system and the most important commodity on earth can't be free forever if you wanted to put it into the creed scenario. if you don't control it and use a property what will theoretically happen she says or to cash will have it and those are not the cash went to. loans coogan is the sort of man who looks to the future. in order to attract investors sunday he's joined forces with the top water expert in the united states and i want to drive around in your dad's gonna just pull around to the side and last person hail. scoot

way back up there. look like they're great. a cowboy living in idaho and the western united states. the only man who knows the secrets of a market that was until now reserved for experts and insiders. landry runs a company that has recorded every water transaction since the year 2000. when i got the call it was unusual it was a little outside of our you know our normal focus i was intellectually curious you know from our standpoint it was relatively easy because we had the data. ok we're going to go here on their dinner now. because they like lots of food just like you. it isn't a reliable index to be clear where you're not buying water you're buying the price

of water so if you're not taking physical delivery of the water so it's a little bit of the future is a bit you know it is a bet we're just betting whether the price is going to be high or low 6 months from now so say this is. the price is it a speculation i think we all are managing on what we think the future is going to look like. what is free nobody watery we're all happy that's going back into the dark ages i was in the call market 2006 to 2012. people are talking about what is known since a cheater now it's in the front page of the news. if

what people are saying is coming you better be on top of your water situation we're going to be without water and what i'm doing is getting people to focus through financial instruments to see what is actually going on on the ground it changes the world. the world of water. as in australia both partners have gained the support of powerful local environmental organizations 10 years after the financial crisis finance you seem to be winning the environmentalists over.

there see more non profit organizations forming to participate in that market and begin looking at ways to acquire water in areas where it's needed for stream flow either for fishery benefit water quality benefit or some other type of of habitat protection. environmental water trades make up about a quarter of the market. is it too late to stop a financial take of a bit on water. heat wave is letting up in the midwest and northeast temperatures are rising to dangerous levels in the west

except that he watches and warnings are posted tonight in parts of california at the same time nearly 40 large wildfires are burning across the west and california has built up its wealth through water. here the reserves are in the north whilst the cities and farms are in the south. in order to domesticate ringback this resource ringback a huge can i. 7 transporting billions of gallons of water. climbing over the mountain irrigating the fertile valleys before supplying the people of los angeles . the california aqueduct is the essential artery that ensures the life and prosperity of 40000000 people. but climate change threatens the californian dream.

california doesn't charge farmers for water if they drill a well and pump out of the ground they can pump as much as they want whenever they want not only is there no charge no one even keeps track of how much water they use and during the last drought which was just a year and a half ago some of the farmers in the central valley of california were pumping so hard that the ground was falling the ground was collapsing by an inch a month. lots of water not so much water were right down there so today i'm declaring a drought emergency in the state of california. record droughts and disastrous wildfires to california has been catapulted into the world of extreme weather phenomena. these humpbacks.

these honestly speak. in the middle of the last drought california passed a really important law that's going to change water use in the state forever it may change work it's grown in california is. may change who succeeds and who fails. under pressure from environmentalist's the government is forced to vote in the new little cold sigma which limits underground water extraction. from known california and famous and cities will be entitled to a specific water quota based on their consumption. a revolution in the land of the free. sigma or the sustainable groundwater management act initially i think was viewed

with fear and trepidation i think people recognize that it was a necessary piece of legislation just like balancing your checkbook for your home you can't live by writing checks for more money than you have and so i think collectively the value is endorsed and supports the idea of sustainability. in bakersfield or the local water agency has decided to create a stock exchange to allow farmers to buy and sell their quotas. 10 years off to australia california is coming around to the concept of water mockeries maybe you're july and you say wow based on this projection i'm going to have a supply surplus you may decide you know i'm going to manage that i'm going to go into the market make that available and maybe generate some additional economic value so if it falls through afterwards we hit confirm and it falls through they didn't pay or they didn't you know doesn't work out how do we let you know again that i want take my water back you know maybe you can you know i once you hit

confirm this far as the district is concerned the transaction is complete and there's there's going to be some growing pains and certainly it's not going to be perfect every time but we're trying to structure something that seems straightforward. some of the people the wheels were beginning to turn and they were thinking you know can i turn this to my advantage is there a way for me to generate additional value and i think that just the word market invokes in people a sense of is there an opportunity can i somehow be advantaged by participating and that's by far the most common reaction that i have when people hear that you know we're creating a market for water i think they view it as an opportunity contract with the right project not a platform provider i don't have skin in the game in terms of your bottom line here again environmentalist are at the forefront encouraging the establishment of these markets you know we're here because we we see it as an important tool for

flexibility as folks are dealing with more and more scarcity under sigma and in you know climate change in general so we've been talking to eric for some time since this is ground 0 for ground water over draft it would be great to actually experiment with how water training could benefit this region you know the alley here is definitely ground 0 but there's groups in sonoma there's groups in eastern . fox canyon. and oh sorry maybe you could see a valve and they were clear you're going to be ok i thought you were i mean and you know i'm very surprised of the brew environments are approved markets i was to initially i think you know after we had a chance to talk and understand what their interest were recognized that we were very much aligned these transactions have to be evaluated not just from a financial standpoint but we also have to take into account environmental impacts water quality issues all of the things that they're concerned about and so it's good to have their input in their vision and so that if that answers your 1st

question i mean we don't know we're right now we're just kind of trying to project into the future would you have imagined that situation before no this is i think taken many of us by surprise 45 years ago. this would not have been possible y. supply has been constrained. by definition of sustainability and so the market i think is necessary. well california become the new australia. intensive agriculture monopolize this resource. will small farmers disappear sacrificed in the name of water profitability wall street's new cream.

cheese said she and her disease account 15 percent of all deaths of children and. you just leave us to. try. to. cease.

take the worst possible material. grind it into dust comparable to flour and make a whole lot of it and put it into a place where people live it is a colossal event. as well and so many people a few here this is the silent heat. but as it makes you feel nice you feel like a murderer we have created an enormous and on a mental disaster. an investigation south africa toxic city on al jazeera. for many young adults a coming of age brings greater responsibility. for this young man the responsibility of 800 years of family tradition weighs heavy on his shoulders. the choice is too but the decision must be made soon. monkey by blood part of the viewfinder asia series on al-jazeera.

there is no channel that covers world news like we do we revisit cases of the state . really invests in that and that's a privilege as a journalist. adrian said again here in doha the headlines on al-jazeera the u.k. has completed its split from the e.u. leaving the single market and customs union at 11 pm london time on new year's eve prime minister boris johnson said the country would make the most of what he called its new freedom this is an amazing moment for this country we have offered him in our hands and he's up to us to make the most of it. and i think it will be the overwhelming instinct of the people of this country to come together as one united kingdom england scotland wales and northern ireland working together

to express our values around the world leading both the g 7 and the cop 26 climate change summit in glasgow of 0 as attention butler reports now from the border crossing at kalai we have seen the 1st trucks arrive from the u.k. to the european union via from. gateway now to the e.u. they arrive 1st via the channel tunnel which links the u.k. to france and behind me in fact that was the 1st ferry the pulled in a short while ago carrying cargo trucks and now for customs officials here it really has been an opportunity to put into place what they have been practicing now for several years and opportunities but it's a place that a so-called small odds border the u.k. could bring emergency hospitals into use is a more infectious strain of corona virus puts pressure on the health system many hospitals are now dealing with more patients than they were at the peak of the

outbreak in april 3 quarters of england is in the highest tier of town medics in brazil have held a minute's silence to mark the new year staff of the intensive care unit in sao paolo were among those paying tribute to colleagues and patients affected by covert 19 cases continue to surge there the country's recorded more than a 1000 deaths for the 3rd day in a row. despite the difficulties of 2028 many people at most to celebrate the new year but of course on a much smaller scale in new york's times square only a few invited guests were allowed including health care workers. there's the headlines now let's get you back to lots of water.

well california become the new australia. when intensive agriculture monopolized this resource. and will small farmers disappear sacrificed in the name of water profitability. wall streets you create. people been fighting over water since white people set foot in this valley it's our life if we don't have water we don't have an economy and we we don't have anything you have the growers you have the packers you have the shippers you have the manufacturers but it's all based on what comes up out of the ground and you need water for that. historically the central valley has been the orchard that supplies the whole country the fruits and vegetables considered of national security it ensures food

independence for the united states. but over the past decade the crops have changed. somewhat he said disappear and the valley has become an almond producing machine. i see in australia the financial eyes ation of water is transforming landscapes and encouraging monoculture. i can remember because i grew up in the valley in a driving up and down and all over the place that you had much smaller plots of land and farms and a lot more alfalfa and cotton especially cotton and now you have you know just as far as the eye can see in some areas on the trees.

as the price of water increases and it becomes more valuable than the land and more valuable than the production of the land. well you have a commodity it's valuable somewhere if you can't use it on the land what else might you be able to do with that. farm it to sell. so you know where water is a new crop yes 100 is waters and is probably the most valuable crop in the central valley right now it's more valuable than oil. so what if blue gold were to replace black own.

journey that of age is what's known as a watered down a reference to the billionaires of yesterday who control deal it's. i knew were l.a. was and you were san francisco was this central valley is something that was foreign to me and after i bought the land was about 4000 acres i bought it bought 84270000 dollars and had today's value had $12000000.00 with the water rights and today's value maybe more and. a lot of people feel that john bit of it is not a farmer that he is a water farmer that he buys these lands and gets him self involved in the stuff in

order to get control of the groundwater. my strategy has always been that it's not so much the land but it's the water and maybe i was a little bit early maybe i wasn't how much have you invested in the only so infrastructures i will say in the hundreds of millions so. that's that's what i have invested hundreds of millions of dollars yes or does it worth it yes. absolutely the. john bit of beach is not afraid of soaring water prices nor the arrival street investors know him the danger lies elsewhere. the.

city's will always get the politics are there the money is there they can increase the cost of water so that the farmers can pay for. they're going to steal it by making it so expensive that the farmer. is that their mercy that the fear is all going to go to l.a. because l.a. has all the money that's that's the fear remember m w d the metropolitan water district which is the big gorilla down south they have millions of customers where you could spread the cost out and not going to affect the individual customer.

matter is much. its power and its money and its becoming more and more and more valuable almost daily. in the land of free enterprise good competition is fair. city against countryside the colleges against farmers. some people are already preparing to become water bankers welcoming those who wish to stop their reserves for using all reselling them according to market prices. so much drop as we set up as a sponge to be able to capture as much water available when it's here and then we have the luxury when the surface water is not available we can fall back upon the

stored water in the ground water basin. semi-tropical owns these canals we pay for the canals we maintain the canals we built the canals so if another lad the land owner was to actually have access to my can album move water supply they acquired we're going to pay for. as a seller if it's more interesting to sell water to to cease than to farmers yeah your body have a higher ability to sell water to cities. but they need where the city is getting their food supply the import of the super food supply from outside the state outside the country or they want to have a local food supply. there walk having the natural stream system near their home where is where is the value is it fishes of farms as a people. nearly at the in the day is the hard issue for us to decide about where is the best use for water supply and

berries based upon where you are. trying to the century economy centered around the oil trade your. nowadays water looks set to shape the 21st century. we have seen financial investors and others come in and look at ways to you know take advantage of that their goal is to get in before the market elevates the price of water and in some cases i've heard that they've done it. and how do you look at that. you know there are some that feel that that's kind of exploiting the system but you know there's nothing that we can do to prevent it but may not like it but that's just that's the way our system that's what capitalism is set up to accommodate if you met them personally. no.

does it make sense should we be trading water and i think we're past that question we we are treating water in this country and our people are moving to the west. may need water. good just at the beginning of this will to reveal who should the water financial revolution. you can't let the market be the only decider of how water's allocated price can't be the only way you distribute water because then you have rich people with big swimming pools and poor people who are dead.

they didn't. go to her yet for that that's. just the one that doesn't stop the morning scouts and that is what that student that body of the genocidal system the stuff that the global water rush is accelerating. privatization competition profit. key words of the liberal. faced with this right one woman standing up. the canadian human rights activist. she has already won her 1st victory at the united nations in 2010 when the general assembly voted in favor of a resolution that recognized access to water as a universal right. it must be declared

a public resource that belongs equally i was in the united nations up in the balcony the day that they voted and i thought we were going to lose i had staff with me they were trying we don't worry we're going to be back in 2 years or 5 years don't matter how long it takes we're going to be back and we'll do it and when they vote they vote they sit in their chairs and they voted electronically so you know right away so boom 122 countries voted in favor and 41 but they abstained they didn't have the nerve to oppose even though they actually wanted to oppose. among the nations that are staying that they were australia united states and great britain countries that have all chosen to turn water into a financial product. the human family took an evolutionary step forward at that point and since then every country has ratified it in one way or another it's it's now universal so you've got it now you've got it now. may

have won the battle but she hasn't yet won the war in stockholm and december 28th the activist was invited by the nobel committee to continue her fight at a conference about the future. so we would focus on activism for to start. of the. united nations calls water scarcity the scour of the earth. to truly guarantee the human right to water we must protect it as a public trust and a commons not a commodity to be put on the open market for sale like oil and gas i must challenge the current power structures and institutions that support an equal access to the

planet's dwindling water supply. our goal must be clean affordable accessible public water for all for everywhere for all time. is it the end of cheap or free water well the corporations and citi group and others want it to be the end of free and cheap water that's their argument they're saying oh yes it's a human right because they can't fight that anymore because everybody says they are awful person if you if you deny. oh yes it's a human right but the end of free and cheap water when they say it's got to be a commodity it's because they know that the scarcer it becomes in a world where you desperately need water there's there's gold it's cool it's blue gold. stucco. appears as the grain of sand capable of bringing the water market machinery to

a halt. there are an awful lot of people in elite circles and let's face it the nobels pretty elite that believe that the best thing to do for what the water crisis is commodified put it on the open market like oil and gas and see what see where it goes from there right so i think for me it represented a breakthrough in our in getting our message out that we have to see water as a human right as a public trust and something that belongs to everyone that's our goal it's a big goal and not one everyone shares i have to tell you thank you so much for coming in really really it was wonderful the activists now. and sometimes it'll be hard because sometimes you'll find nobody else it's like you know why me why don't why don't other people care and it's just the way it is and you guys do i know your beer a little. ruffle strength. during

the fight against the financialization of water is fueled by the refusal to accept any sum to privatizing and in the streets of dublin room and paris citizens are spearheading the resistance. to the new step down to believe looks awful but. i'm not sure it's true that real and if you see the feel the sort of ability to get in the french capital politicians have also taken up the fight in 29 the city council ousted veolia and suez the 2 giants who. said the water market and created its own water management company. on that will. be the up and best song makers are the best best sun the boss section airs. thursday.

follow we're going to tell you all could get off on the sub is that all the specific i say financial effect could exploit the source so in all. due course it was. so not them. but you really can lose it pretty losing to prove it in. the other day that who got them. have all you have a comment on want to understand it must know. the prison festival in the funeral so far more. of them.

law and called woman ideal to. focus what you don't want to. them. coming out. so he stick it. in almost all in movies. like others also supposed to yes i'm a old dog that will be. how long will the european fortress be able to withstand the financial market pressure. in 2012 a petition called right to water i'm asked nearly 2000000 signatures a 1st for your. protesters demanding the border be given

special status. be you up yet it essentially said if it really changes the way we discuss about the war in europe it helped create a movement and the whole. idea that water should be considers a human right. before all the documents from the european commission were starting to enter the u.s. market make any shame as they were always pushing for early release. now and this is not something that you can easily do in a public way. so the official answer from the european commission was of course we support a human right to water and that happens now in rio in legislation.

what is the problem to recognize a human right to what their i mean it's a great big made by the e.u. it's something that is essential for life. the only problem is the business and profit. the right to water petition has so far halted the ambitions of finance years around europe. but it remains a fragile victory. there are 2 paths and i don't know who's going to win this it's either water is a commodity and it's going to be put on the open market for sale or it's not it's going to be understood to be a human right you can't have it both ways it's time to choose now which path we're going to. make.

i totally get that it was a different place and it's changing and it's changing fast. in the battle. zone i think also made in the true chill in the successful. and all should define us and them to meet. the same level they call his shoulder viewpoints on the sequencing of. water scarcity and climate chimes is a windfall for our business yes it is is that a bad thing well i suppose tom told. ah obvious sign didn't do it doesn't take on this model people just talking to mike huge amount of money out of . him or to get up to sell your soul to get the border to be out of some on. the

roof in the. in the. today the fate of water is still undecided. originally over 4000000000 years ago water arrived on this earth from space and has since survived all manner of catastrophes. but it is now being threatened by the men who dream of turning rivers into go. as if nature was nothing but a giant supermarket. it's

time for the perfect gentleman the weather sponsored by qatar airways the summer gales of blowing through southern chile but a big surprise really but for most of chile in argentina it's looking fine there are more showers growing up in the northwest they might become substantial on saturday but if you're in rio.