OTTAWA, Aug. 26 /CNW Telbec/ - Today's announcement from the Office of
the Minister of State, Denis Label, that Canada's Economic Action Plan will
provide $1,631,600 to bottled water producers Eaux Vives Water Inc. raises a
number of major concerns:
The announcement erroneously states that Eaux Vives Water is a Saint
Mathieu-d'Harricana, Quebec firm. While Eaux Vives Water has a plant in
Quebec, its head office is located in Toronto and it is listed by the U.S
Securities and Exchange Commission as a subsidiary of Morgan Stanley.
In North America, recent industry data shows that the bottled water
sector has a diminishing market value and may not be able to create the
long-term employment intended by Canada's Economic Action Plan.
Bottled water is an environmentally harmful product filling landfills and
causing carbon emissions.
"Canada needs sustainable long-term jobs; however, it is clear that
investing public money in a diminishing sector with a negative environmental
impact - and to a business that is partially owned by a large US corporation -
will not create the jobs Canadians so desperately require," explains Richard
Girard, Research Coordinator for the Polaris Institute.
For further information:
For further information: Richard Girard, Polaris Institute, (613)
237-1717 ext 105; Joe Cressy, Polaris Institute, (613) 668-5542