FactCheck.org

Coke and Nestlé Aren’t Buying The Guarani Aquifer

Q: Are Coca-Cola and Nestlé preparing to privatize a major South American water source?

A: No. The vast Guarani Aquifer is managed by the four countries that sit on top of it.

FULL ANSWER

One of the world’s largest underground water reserves is shared by the four countries that sit on top of it.

Brazil, Paraguay, Uruguay and Argentina agreed in 2010 to a management plan that aims to conserve the 8 quadrillion gallons of water in the sprawling Guarani Aquifer.

However, stories wrongly claiming that Coca-Cola and Nestlé are planning to “privatize” the reservoir have recently

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