Invest in Canada

Invest in Canada: no risk of a water shortage

by admin on 18/04/08 at 8:05 pm

These days, there is not just drought where you expect it — in Africa and on the plains in southern Spain — but everywhere else too. In China, in India, all over Europe and even in Britain. Part of these water shortages can be blamed on inadequate infrastructure, but with Asia industrialising fast and the global population still growing, there just isn’t enough fresh water to go round.

Cast around for countries which are unlikely to suffer water shortages over the next few decades and will not therefore need to upgrade their infrastructure

The first that springs to mind has to be Canada. Fly from Toronto to Vancouver and you look out on lake after lake. Canada is one of the most water-rich countries in the world: when, in 2025, 30% of the world’s people face a water shortage, as is forecast by the Centre for Strategic and International Studies, none of them will be in Canada.

Water isn’t the only thing that Canada has in abundance: it is sitting on huge reserves of gold, timber, uranium and nickel. It also has the second-largest reserves of oil in the world after Saudi Arabia.

The province of Alberta, once thought of as just a nice place to hike, turns out to have oil reserves equal to an estimated 1.7 trillion barrels in the form of tar sands covering an area larger than England.