Tory duty on Ofwat protects profits over reducing sewage pollution, experts say
Campaigners fear growth duty will hamper water regulator’s ability to crack down on companies in poor financial stateThe Conservatives have pushed through a duty on the water regulator to prioritise growth, which experts have said will incentivise water companies to value their bottom lines over reducing sewage pollution.Campaigners fear this will weaken Ofwat’s ability to crack down on water companies as it may force the regulator to consider the company’s financial situation and the impact on growth if it is heavily fined for polluting. Continue reading...
Campaigners fear growth duty will hamper water regulator’s ability to crack down on companies in poor financial state
The Conservatives have pushed through a duty on the water regulator to prioritise growth, which experts have said will incentivise water companies to value their bottom lines over reducing sewage pollution.
Campaigners fear this will weaken Ofwat’s ability to crack down on water companies as it may force the regulator to consider the company’s financial situation and the impact on growth if it is heavily fined for polluting. Continue reading...
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