Nationalizing UK Water Companies Will Only Result In Higher Bills | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

The ongoing sewage debacle has driven righteous anger with Britain’s privatised water companies and the imposition of large fines.

- Jul 13, 2023, 12:30 PM CDT

There are no easy solutions for Britain’s embattled water and sewage providers, just trade-offs and open questions. This is particularly true for Thames Water, which has been staring down the barrel of renationalisation after recent financial woes. Industry critics claim Thames Water and its ilk have taken out huge debts and provided generous returns to shareholders while dumping sewage and failing to address leakage.

The water industry requires investment, but there’s little reason to believe that our cash-strapped government would provide the necessary capital injection. We know this tendency from the experience before privatisation: decades of underinvestment, poor water quality and polluted rivers and beaches. Politicians tend to prioritise health and pension spending today over longer-term infrastructure investments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Assured Guaranty has more than $10bn exposure to troubled UK water companies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Source: ftenergy - 🏆 47. / 63 Read more »

Assured Guaranty has more than $10bn exposure to troubled UK water companies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

Welsh Water: Wales's largest water company has status downgraded over rise in pollution incidentsA report by Natural Resources Wales shows pollution incidents rose by 7% in 2022 compared to the previous year. Welsh Water said it recognises its performance is 'not where we want it to be'.
Source: SkyNews - 🏆 35. / 67 Read more »