Elora, Ontario takes on Transnational Nestle` Water
Elora, Ontario worried Nestlé Water Canada's plan to pump up to 1.6 million litres of water per day from a nearby aquifer could leave them high and dry. Nestlé Waters Canada, a subsidiary of the transnational Nestlé company, has conditionally bought an existing well near Elora, Ont. — a small town on the Grand River located about 115 kilometres west of Toronto — that taps into a major aquifer, or underground layer of water.
The company hopes to eventually pump water from the aquifer and sell it in the Canadian market, where some 2.4 billion litres of bottled water are sold each year, often at prices similar to gasoline."