is that seems to have been her brushing teeth street in search of my groups on al jazeera i the dakota oil pipeline snaked through indigenous land, but not without the 15th book right in front of me. and they were beaten, arrested. and so it's protected. they are detail and self proclaimed, which are protected. the women of standing rock on al jazeera. ah, i'm sort of venue in doha, the top story on al jazeera breaking news. this our coming from iranian state media . it appears that iran and saudi arabia have agreed to re establish ties, diplomatic ties, and reopen embassies in 2 months time. our correspondent into iran,

alhashan joins us now. and what can you tell us at this stage? this morning we had done a breakthrough, but we didn't know which which product was on the phone. so late the coming home on supreme national security council got the security of this going to launch on time. it was in china where he met his comfortable counterpart on human relations relations with coming to monks. what understood the chinese government? what between the 2 sites that you would've been visit to china socket. no more to come and become and i was what was all about between

the past couple meetings between me and showed him that in the law and there was on the walk in the bottom of the dock in the 2021 with the electric bill 2021. if you have one stop, then there was no news coming out of this box. know the things like 5 talks and then what, what was known, and this is what the secret is that they were security level and mainly concentrated on call to tradition or turned out. this is because you don't enjoy any

good relations for the 2nd year. 2016, when the country after ended by protested to thank you to go there because the commission and all the golf countries ration profit escalate to compete with a lot of find between like 11 on like sure. young and the court. the alley, as you say, this is major news for the region. we're talking about the 2 big regional rivals. what do we think brought us to this point? you mentioned negotiations in iraq. you mentioned there have been contacts. you mentioned there have been multiple countries, 3rd party countries that were involved. but what do you think are the,

the bigger contextual elements that allow these to rival countries to now come to this point? what, you know, what these kind of situation between them. the security situation in the region countries had to suffer from the, you know, it's possible that kind of can provide that to spot countries. this is going to create the situation. maybe both countries having a lot of leverage and having also an interest in all the vehicles. aloha sam reporting from thereon. thank you very much

. and just a reminder of yours. we're just joining us. we're learning from iran, state media, that iran and saudi arabia have decided to re establish ties and reopen embassies. we'll bring him on this and we haven't ah, what the deal did is i thought, well i think pretty sure this is something good. he can see crickets, junk, gulf kitchen pump. also much wanted don't get on to hook or do i can't do what she didn't know my lip over my oppressive heat. rising, no, with the cross hold of you. kate london. 39 degrees. breaking the july rock with ball at foster it said that helped us gone to the land within the lines of either been god's god about that with all. so it'll kill of she folk. the look golden dodging to the menu reba will basically tell you that they also separate the union

of his shoulder due needle. i s visit with 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 dark. located. oh, we're not interested. right down from here into my water, mississippi. farmers probably destroyed while others might use that to climate reco breaking the way in today 70 percent of the earth's pure water that is used to human consumption. it has become the most coveted resource on the

planet roll in try not doing anything that requires water to die and say, hey, you won't be wearing any clothes you might be using. you might all the time. you might be driving a car, might be living in a half, we won't be having breakfast, will be having lunch. we'll be having dinner, water, and everything that we do. me to save humanity. wall street want to start a revolution. make water profitable and create more markets just like oil. mark water falls from the sky, therefore it should be fray. whenever i hear that i always say,

diamond talk her nature and they are not free. it's a financial product, like any other financial product. coming late around $195.00 later than just at the beginning of this water financial revolution, the blue gold rush has begun. could can anyone to stop it? the killer 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 a with financial pressure on human mobilization. rising. the battle over water has already begun who will come out on top? the planet, the people or the markets london,

the financial capital of europe. here is where the relationship between water and finance 1st began 30 years ago. at the time, it was simply a question of commending the virtues of privatization. it was margaret thatcher, prime minister, at the time warden who championed the cause many privatized. oh, nice water in a better deal than national light water that i believe will go very successfully. indeed. what happened was the entire system,

the inter physical system as well as the concession was sold to the private counselors. every drop of water in the place is a private commodity. one of the 1st things, some of the calculus did, was to start crossing off would supply to people he hadn't paid the bills. the number of people who've had that water cut off for failing to pay their bills has almost trebled in a year. one company, for example, disconnected 11000 customers. as far as the company was concerned, they could stay disconnected. if they didn't pay their bills, they didn't get any water. i was, i always just come by. no. nicole,

i got move on. do you have to come up on the top? do you think you'll have to make this journey that during the day just come down again? well, probably another bought i mean, you gotta, you gotta do some cooking. we didn't even have to care for this during the war time. i said to myself, it's disgusting. but from the bulk of perspective, that doesn't bursa the market can careless if people die of cholera, really, that's not a joke. that job is making money and we've done that very well. fine, 10 years later law is passed. that prohibits companies from cutting off the water

supply to those who haven't paid them. but this is not enough to deter the finances. on the contrary, in the early 2, thousands, a new generation of traders and the world war 2. namely, private equity for valve cio found they are hungry and completely unaccountable. they may be funds which have a 10 year life and they, therefore, they need to get their returns over that decade that they will be the owners. and then they need to find a new owner and say you have a lot of international vestos people who may never have been to a water plant in yorkshire at all, or maybe never been to yorkshire. their fathers is wonderful. business, unruly said links, you don't need to know anything about water and you don't need to care anything about water. the new owners arrived from canada,

hong kong i'm a lazy in london, thames water. the distribution authority that covers 20 percent of the country is bought by the australian based mcquarrie farmers. i was aware of mccore, i mean they were quite a famous institution in australia where they've been, they know something, i think they were called the millionaire factory. because so many people who worked at mccory became very rich as a result of the bonuses. and but corey world, 1st, private equity companies to say, these are good places to believe. one of the simple reasons for that is if you observe there is and is going to be population growth. if this population

growth, this can be more water, big trunk david hall is the man who revealed this war to scan. in 2017, he published a study which he detailed 30 years of abusive practices. rising bills, soaring dividends to shareholders and tax a caricature of financial capitalism. ah, we ended up to closing for a belts. $2.00, billions pills per year was being taken out of the system by private capital. no main reason for that was that the dividends, lo,

pinewood sells were very high. a very regular. so these companies were perfect cash machines. they still are, they still are everybody believes correctly that we are being swindled by the water filters. what david whole study than did was it said, is this really how you think that essential services we should be exploited? i think is the best way by financial interests so aggressively. the australia based mcquarrie finals was a shareholder in terms water just over 10 years. when it sold its final share in the company march 2017. mcquerry says it had just over $13000000000.00 of debt.

somebody at that point will have to repay all those borrowing. well, if any one source of money in the whole water industry and that if the customer and when the customer has to repay the borrowing. that will affect the charges they have to pay. and of course, the owners will never return the dividends they've taken out. those have just gone i think they take a view that this is effectiveness crime. ah, funny thing about you case experience with privatization is no one else in the developed world has done it. it's a one off. and sometimes you have to ask yourself why is today over 80 percent of brittany's would like to go back to a time when water was

a common public and essentially free resource. but this concept is slipping away joins swelter through another 24 hours of extreme hayes. ivan, i had barely dipped below 30 degrees in many parts of the state, with temperatures soaring into the mid to high portions during the day with catastrophic ranges. right. and as it remained extremely hot, they decide to die with temperatures 10 to 16 degrees above. strengthen norway

australia, on the front line of climate change. here, drought is a part of everyday life. in this parched country, australians are getting closer and closer to tomorrow's world. a world where water is scarce and expensive resource but done is a dairy farmer who lives in new south way. one of the drones regions in the country for many months now, his reserves have been empty. the only solution for feeding his animals is to buy extra water on the private market. you know

did i surround just for my cale and it cost me close to half a $1000000.00 for 12 months of water. $500000.00. can you afford that aid would put a great deal of strain on us if we, if we did it a great deal, a strike like we now a farm and the last 3 months is already spent 1000000 dollars on board up 2 weeks. a storm could come straight to morrow and wipe it all at tape. so it's, there spent the money, but still a game on whether, whether it's going to work or not. we're trying our best to keep the house alive,

goes with her before the board are to grow crops to the chaos. ah, we can't afford. i real lot of greiner are they getting very little or no grain at all at the moment? say they're producing 50 percent less than what they should be for these tommy it's just survival might trying survive. keep empty as going and i'm trying get out the other end of it with me with

blue fry, you smith. my for mike's and helping each other. but now it's like dog eat dog world at the my spread with, with the water policy or it has become like it is bought and sold with a single click thanks to mobile phones and an application connected to the market available 24 hours a day. it's price changes day depending on supply and demand. mm. they could touch it. i can pass my fate in it, but i can't even not. they still got that money

once the transaction is approved. irrigation, trammel valves open automatically and pour out millions of leaders to customers. those who can pay people are just taking water from us and it's, it's taking a lot. it's taking our food from anti bully. why we we doing it is. i think next year the rivers are full and the we don't have to go back on to that. i've market to buy water again. will what happen? what not? we die. we multiply russian reflects to combat water shortages. the australian government has chosen to ration each year

. it allocates a quota to the major water consumers, farmers, industrialists and cities. this is calculated based on activity existing reserves and weather forecasts. along with this new loan called the water act watermark, it's have been created where anyone can come and purchase additional rise or sell some of their own. this is one of your co, as martha is changing a bit or the last couple ways. as the one is not in charge all that much money, my st trading really hotly arana $400.00. i leave on $495.00. marginally hiding from water. fond. thanks. hate look forward to hearing from you in just 10 years. the water business has become the new el dorado, the turnover of $2000000000.00 a year. morning. yeah, i am 9 o'clock. first thing you want to find is the world's leading war to stock

exchange. i was here because it will, they work with the mega liter, a unit of measurement equivalent to 1000000 liters. some of my tame, he called me at the watermark at pioneer. i'd like to say that i'm a pawnee or in the world right now. well, since that you're only got the i think the right fit and that again and, and remind megabytes that we secure that. so many transfer $250.00 megs plus prices to die around the $500.00 per mega later on. mean latest,

you've got expense is i think it's take what? $500.00. i was that 300 year eyes, 350 or eyes for 1000000 litres of water. i'd say it's pretty cheap. and when you look at it from that perspective, isn't it a good thing that way, i finally putting a value on this resource because in putting a value on it, we're gonna respect that mall. in this new world, every drop comes water is no longer a natural resource, but a commodity ah,

in the world of water markets, the key players of the agricultural industry. as it's the case with webster, the country's largest producer about the directors of this company are among the richest water owners at the head of a reserve with more than $200000000.00. that owns a mass, cultivated and exported all over the world. in relation to the amount of water used, this is their most profitable crop. on this phone, brendan barry has the title of water management. this is a new area of expertise

that that would colony not quite ready if you've got the b, b but the title is in a different bible. but the non berella, the real number is either not bigger than that, but they made the mistake in the market. what not the title value of the water is, is more valuable than all the land we hauled, the plant and equipment, or the last talk that we hold the water market in this area. this year has gone from about $320.00 to make it later

to over $700.00 per mega later. and that's a period of a ran 5 months. and that will price double the price. but that's how it works. too often, afghanistan is portrayed through the prism of war, but there were many of canister thanks to the brave individuals who risk their lives to protect it from destruction. an extraordinary film,

archives spanning for decades, reveals the forgotten truths of the country's modern history. the forbidden real part to the communist revolution on a j 0. ah, we see. no, sir. i wish i can best ah day with no hardy knows me. it makes me happy.

me fill those. i was with me in the pool rhinos tigers were coached to near extinction. now the army in joe's and community groups with brought them back from the break. ah, 11 east investigates on al jazeera. ah thank you for joining us. i'm sorry. then yeah, in doha, we've got some breaking news coming from the iranian state. mediate, appears that iran and saudi arabia have agreed to re establish diplomatic ties and reopen embassies in 2 months time. oh yeah,

sure. it has more on this from iraq. busy this morning we had done a breakthrough, but we didn't know which which product was on the phone call. so late, the coming on supreme national security council got the city of this gun salon. she was in china where he met his comfortable counterpart on human relations. the relations within 2 months, what understood the. ready chinese government was between the 2 sides. officials and the german city of hamburg, say, a gunman who shot and killed 6 adults in a unborn baby to jehovah witnesses. whole late on thursday was a former member of the religious community. they say the man shot himself dead as police entered the building. georgia parliament has dropped the bill that

protesters feared would silence the media and opposition. the bill would have forced media and n g o z who received more than 20 percent of their funding from abroad to register as foreign agents. tens of thousands of protesters were out in the streets. the 3 days had warned that the bill was moved towards russia and away from the west. kremlin is accusing the us of stirring up into russian sentiments in georgia. the british prime minister, richly sumac and french president demanded mac hor, meeting in paris. the talks focused on migration, the british government has launched a new crackdown on migrants crossing to the u. k. from france. this summit is seen as a chance to repair relations after several tents post break the ears at the several runners in the palestine marathon have honored the late al jazeera journalists, sharina abruptly, members of her family and staff from the bethlehem municipality ran in t shirts showing her picture serene was shot and killed by an israeli soldier while on assignment and janine in may last year. and those your

headlines on al jazeera, the news continues right here. after lords of water do statement march on a just get a station and its aftermath. we have more on our continuing coverage of the earthquakes disaster in turkey and syria. rigorous debate, unflinching questions up front smuggler mantell cut through the headlines to challenge conventional wisdom. 20 years on from the start of the iraq war. we examined how the past 2 decades have shaped the country and the major challenges confronting future generations. documentaries, that inspire witness brings, woke tissues into focus through compelling human story. i made widespread industrial action and a cost of living crisis, but he had government seeks a way to turn around it's faltering economy, march honor jesse era,

as water manager. brandon is more of a trader than a farmer. a big stack of grind has a value that's money, water is not different in that sense. in our business, we want to use our water efficiently because if we do that and we can draw the gross profit into the business, and that's what we're ultimately here for us to deliver a profit for the shareholders. those are the things that are interest he manages his stock with the help of a specialized broker, lex badges. he to embodies the new generation businessman looking to exploit water

. for them. drought means good business. net worth will mention here to not get any interest in the leasing, and i don't think there's thousands of mega ladies on the market at the moment. up here in the market doesn't seem to be terribly logical at the moment. in our view, it's sort of great and fee market minutes. we have a balance between here with terry. but that's, that's our, that's because of where we are and there's not that much war around. so i paid off you fairly skiddish frustrating. my thought, yeah. i look, i think i'm there dairies in such a such as style down there. yeah. their number of heads getting sold of them i'm. it's quite ridiculous yet that as for what i'm hearing basically every dairy farms

on the market. so oh, if you did want to do something down there, i think there's acquiring lands not going to be not going to be difficult. i'm sure you guys to i don't know. how did it go? well, bought 110. i don't want it. i got it. one of those, so they're going to be on thursday when i got the all right, quick. wait. oh oh lord it 50. i got it. yeah i i 910. that's what i got a 100 putting according to the party border. it quoted a and by why behind

one i buy it with no 1000 i under for that one. i don't know what the little one much so you just don't milken and he's fine. you saw the bomb to a day. it is. yeah. but i had never been used to the water crisis and soaring prices have forced david on into bankruptcy. he has had to sell the family dairy phone and now joins the long list of victims of the water markets going out with what are some end of an error in this district law. so i've had to leave more than 10 kilometers. were all shit

yeah. special dash a, a like, what if you look at your cash flies for the last 12 months and 4 years ago and you realize you're spending more and more in water and then jenny, shit to me and we can't keep going on lot this. so that conversation was very noisy, ah, 3 more dishes in the in the sink and stomped out there. as very marshal. it's been like, it's probably not as much emotion as later on when we were showing

chaos. i can tell you who her mother is and who are grandmother, right? grandma so they tell me you get ivr upset. you know, we are now in the right now. 100 is that, you know, initially the creation of water markets was welcomed by farmers. her big agricultural players saw it as an effective way to buy water whilst others plan to supplement their income by selling their surplus. we're interested in what else can we go? well, good day, right? but 10 years later the market had become loosely so good. they all went 3 time at 315 a lot. right. there's lots of people that don't understand the watermark. i don't understand the watermark. just lisha k followed all the tong is the star of what's happening and i don't think a lot of the snow. what's happening in the watermark?

alicia, boy, you don't wanna look at the watermark cuz lots of forms that i need to purchase. yeah. especially if you're looking for water, you think all all garden. ready logan. oh so it's gone off. ah, south astronomy is on extreme. lewis has searing temperatures, put emergency crews on notice, and authorities ready to answer any major process. reco it's failed to day and more said to tumble to morrow with adelaide full cons to he'd $45.00 degrees, nudging the hottest. i am wrinkled for the city to see a face won't. it won't be able to control any money by delayed himself. east australia, the driest city on the driest continent on the planet. ah, adelaide sam says the think tank. it's here at the university that the idea of

water trading was conceived and in some use he might get 0 water. so they said nobody could take anymore water, so you're going to have to find a way to share what, what happened very quickly. as a result worked and i did all started. i said, well, what we need to do is to unbundle the system and take a license and you set up a bank like accounting system. it'll let everybody tried at low cost. and to do that in all the regulations, i want mike young is the founding father of the australian water markets. one a renowned economist. he attended harvard university and has advised the united nations. this is the man writing the new history of water. voiced scarcity is really,

they've said water scarcity is part of the future. the well, the global predictions of it by 2050, more than half the will, will be living with limited water resources. and abundance is a thing of the past. water needs to be managed in a very precious wife in a way that drives innovation that makes sure our water goes to the best use is it possibly can. so we make money and feed ourselves well. and that led to the interest in water markets and drive a revolution with the revolution started by mike young as turn climate change into a market. folks with fascinating see how sophisticated our water markets if account, if this ryan forecast in a week's time,

the price of water will go down. because families now they won't have to irrigate. if it's going to be really hot for the next fortnight. in the price of water it goes out with with i think the reason why you really come to a university is to make the world a better place to live in. so i teach a course on how to make a better place to live in. come and enjoy. a with mike young has opened up water markets to all farmers, small savers, and above all,

professional investors. a now a days everybody can buy water on the market for consumption, or simply for speculation. when water becomes scarce and hasn't become scarcer than somebody has to stop using what markets do, is they discover and reveal the most appropriate people to pull out of agriculture . as it is for making cas, as it is for lots of things, we live in a competitive, well, me market mature, spot market, derivative markets for water options for what's new intelligence and information systems. we're building artificial intelligence and machine learning or

as far as rolling the game to mike money. ready mike, leaving out of just trying water worst. we're just interested in getting more of the might by water to make a living not, not just making living, buy, buying and selling water the system was putting for the farmers to create well for the, for the economy. but it's been taken from the farm is now who's making the money water purchased at the market. price has drained the australian countryside.

only the agricultural giants have the means to compete with the investors who are pouncing on this new rule material. in that amendment, they skeins going around the world, took encouraged versus the boy to the strike go to market with these returns that they say by a huge amount of water. and they might engage money out of what are becoming the new was to red and gold. it is a if, if he can make a 25 percent return on your investment or better, or wouldn't you try and do it? ah,

it has melvin's hot day in 5 years. temperature is heat, $42.00 degrees over the city. i 42.9138 with 5 years change. 30 degrees need not melvin, didn't get new loads of water live in the city of melbourne. the business capital. they are bankers, insurance, pension and investment fund managers. and they are gradually taking control of this blue and i need to, i let you know, would i land, would i consider it? yes, but i'm not a farmer. i'm an investment banker. how much did you invest?

not much. might be $20000000.00. the price of what has doubled, but in the next 10 years it will double again because of intensive agriculture there's a lot of discontent between the farmers and the people who are controlling the water. and so the thomas sometimes look at these people is water barons or water, bandits because they controlling water that many times i can afford me as an owner of expensive water reserves. david williams sprints his water, thomas, as others would rent land in the future is looking bright. if we go to $9000000000.00 population and the chinese food and the indonesians one more food and the indians, what more food and they can afford to pay for it. then we need to find more intensive ways of growing food. that means more water that's going to

lead you smack bang in the hey, you get that water, how you price it, how you allocate it, and how you regulate it. with a being a basis boiling water, it's getting back to the old days of the landlord and the pace of pharma. and if we want to survival, sy into it, we're going to have to bother water. what landlord date? the water is wet. back to the middle, i just live in in the name of fighting global warming, the loads of water have made an agreement with the environmentalists abortion of lake and river water is now protected. it fits the ecosystem and is

kept out of the market. all this aligns brought about the large majority vote in favor of waterfall. as i'm talking to you today, and we're about to have 7 days in a row here in adelaide above 37 degrees celsius. that is the 4th time in 2 months where we've had that high temperature climate change is happening and it's happening now and it's impacting on the level of water usage and the water that's being returned to the system.

the river is struggling. and so we had to start putting a value on it, environmental organizations, and now taking advantage of the market to buy water and return it to nature the agriculture industry. and it's really worth billions of dollars. the value of water in australia is worth even billions more, sorry, if we want to make sure this, the river is kept alive. if you want to make sure there's water there for the future, we have to engage in that process. that of course for a proper market for, for water buying and trading has estrella got it right yet ny. we dined and we might be the test case. we haven't got a 100 percent right. ah. water

was the last remaining natural resource to have escaped training. ready but australia has just blown the final whistle the time has come from maximum profitability and the creation of well well i'm. ready i speak on behalf of my people in the off of just land in this water. ready water. ready for me and my people. ready which are part of who we are. ready ready is a part of our storage, our creation stories today is different

australia as implemented. what are market? yeah. how do you look and that we don't like it very much. we don't like it at all. a change here to find out everyone else bursting with shelling trading. what does it filling your damned up? making sure that you got your ca making sure that no one else take yours.

potter with madness. a most of it agreed. * * * * * greedy people. * * * they want the water bottles all went up. * * and they sell it to somebody else money. 6 you can eat any kind of money through with the water is like the grains in our body. earth, mother, earth. like our body. the water goes through the roof is really spirit the what is a water thief

. without the group, we don. we all know that in a lot of the producers of this program asked mcquarry group to be interviewed, but they declined. so al jazeera asked mcquarrie to respond to statements made

about them in the program were quarry replied to say that they took their role in economic and community infrastructure very seriously. what's in the time their fund was a shareholder terms. walter had made $14700000000.00 of capital investment and that this had allowed tmz water to reduce leakage. and to keep bills at a low level. they went on to say that the investments had been financed by profits and borrowing and had been approved by the u. k. water services regulator off what they concluded by saying the terms. walter had paid an average dividend to shareholders of 11 percent of capital expenditure. but in 2021. awful lot gave the go ahead from a quarry to return to the u. k. privatized water sector, and run another company,

southern water. for the last stage in the financial, i zation of waterloo the launch from a stock market index to that on war to prices by nasdaq, a stock exchange specializing in technology. this is the 1st time that water has been reduced to an algorithm is water. the next oil, we set it up as a question and then mostly dismissed it. the questions not going to go away. we're just probably not ready for it yet. 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 if you to think of all of what about the guy that

can't afford it, that guy still needs water. oh, and your, he, the fight against the financial ization of water is fueled by the refuse to accept any sort of privatization. oh, the global war to rush is accelerating. privatization, competition profit. 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 this gold, it's gold, it's too cold. who ah,

it's got hot again, argentina. it's been a hot summer's, you know, in argentina in chile, in particular. now increasingly you see the cloud building, but we've had another couple of records broken, resario, nation tina, and match you pitching the out inc. a city up in per your high in the mountains. but it's still broken record for march wall, and it's still pretty woman when it's area, there are shout ran just to the south and a line that stood the know who's been more significant recently through se, brazil and paraguay, and amazonia. it seems like he was, he's pretty heavy, damp or same is probably true in ecuador, where we seen recent flooding from pretty heavy rain. but if you jumped north of the continent, it's a matter of lightest breezes. once again, that's just a few showers around, particularly i think in costa rica, not so much in mexico, attempts to stay on the high side for the most part with shout to boot. but the u. s. is where it's really gone city once more. this is the last winter storm taking

significant snow through new england and maybe it's in canada with these thunderstorms going off shore. but i mean, look at the pacific coast. this is yet another wind to storm. this one is more like the one that brings rain than snow. there is snow in the mountains, but rain will bring flooding again to california. ah ah. ah, i'm thorough venue. this is the news, our life from ohio. great to have you with us. coming up in the program today.