Proposals to limit fines for struggling water companies have been branded 'out of touch' by environmentalists
Several of England’s water companies are struggling with huge debt burdens, most notably Thames Water, whose parent company, Kemble, isAt the same time, firms are under pressure to increase investment in their infrastructure due to public outrage over the huge volumes of raw sewage that are being discharged into England’s rivers, seas and lakes.
The proposal could initially apply to Thames Water, as part of a move to avoid nationalisation as the firm struggles financially. However, other firms grappling with their finances, such as Southern Water, South East Water and Yorkshire Water, could be eligible. “The idea that Ofwat would slash the water company fines whilst they continue to systematically break the law by illegally polluting our rivers, lakes and seas is just beyond outrageous,” said Charles Watson, Founder and Chair of the campaign group River Action.
“How out of touch do you need to be to slash fines for water companies that have devastated our rivers and seas, after such an immense public backlash?” added Kierra Box, campaigner at Friends of the Earth.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: i newspaper - 🏆 8. / 89 Read more »