An entrepreneur who hoped to launch a bottled-water business on P.E.I. says the proposed Water Act, if passed, would bring the project to an end. “If it continues like that [the business] doesn’t exist. I mean, we can’t survive with just offering bottled water on the Island,” said James Wood, president of Pure Island Waters Ltd. The company had planned to bottle water from wells in Brookvale P.E.I. for retail sale in Atlantic Canada. A preliminary draft of the Water Act, released to the public Thursday, includes a provision to ban the export of water from P.E.I. except for “humanitarian purposes, and or the ordinary carrying of water necessary for travel.” Wood told CBC News the government has responded to “political pressure.” “Even at our full intended capacity, we…