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#watercompanies

1 post1 participant0 posts today

Ban The Bailouts:

The Government is trying to pass a law that could force the public to bailout failing water companies. We need to act now, before it's too late.

To: Prime Minister, Keir Starmer

The Water (Special Measures) Bill is not fit for purpose and requires urgent amendment. We demand that you:

Ban any bailout of water company debt and shareholders using taxpayer or customer money;

Replace Ofwat's duty to deliver water company profits with a duty to protect the environment and public health.

Sign and share the petition:

sas.org.uk/water-quality/our-w

Surfers Against SewageBan the BailoutsThe Government is trying to pass a law that could force the public to bailout failing water companies. Help stop this scandal, before it’s too late.

Filling in a bit of polling by 38Degrees, on water companies in UK, I found myself writing:
"Our water and sewage system has been, in effect, robbed of past investment. The money that should have funded infrastructure and better service has, instead, ended up in vulture capital and overpayment of executives and dividends. The companies need to have their rules explicitly tightened to include proper investment and targets for clean water, sewage treatment and the future-proofing of infrastructure (including for climate change). There should be stringent punishments for non-delivery and there should be a realistic restorative element (ie the failure to properly invest in the past should be made up for). If companies cannot do this, then their fall in value will enable them to be taken into public ownership and the remedying can be more directly directed by the nation."
#ukPolitics #WaterCompanies #inequality #nationalisation

One of the promises of privatisation is that the free market would bring improved efficiency.

This isn't remotely a free market. In a free market, companies who fail go bust and, if they provided something useful, get replaced by someone who does it better.

This is just legalised extortion.

It really is time to let the water companies go bust and nationalise them.

#WaterCompanies #OFWAT #ShitInRivers

bbc.co.uk/news/articles/c8elew

BBC NewsWater bills set to rise by more than expectedThe regulator will allow higher bills to fund growing costs and investment, the BBC understands.

They misdirected funds to dividends and exec salaries and now they want us to pay to clean up the resulting mess!
Water companies have racked up 1,135 criminal convictions for illegal sewage dumping ever since they were privatised 35 years ago - yet they still keep pumping more sewage into our rivers and seas. You’ve committed to a new law to crack down on these companies. Now, we ask you to stop water industry lobbyists from watering down legislation, and to make sure criminal firms are finally brought to justice.
38d.gs/vgc0
#ukPolitics #WaterCompanies #privatisation #priceGouging

38d.gsSign the petition: Bring criminal water companies to justice!SHOCKING investigation reveals water companies have racked up 1,135 CRIMINAL convictions! Join me in calling on the Government to bring them to justice by adding your name today:

So if the water companies are fined an amount amounting to less than £10 per customer, but are allowed to put bills up by £94 per customer, I suggest that the fine is not a serious deterrent to lawbreaking.

May I humbly suggest a more appropriate punishment for water companies who break the law would be to fine the directors personally, or for serious breaches, jail them.

That would be an actual deterrent.

#WaterCompanies #OFWAT #ShitInRivers

bbc.co.uk/news/articles/c0r84l

BBC NewsWater companies must return £158m on customer bills - OfwatOfwat reviews water companies against metrics including pollution, customer service and leakage.