Question Water Companies

[Bodhi]

UK at risk of summer water shortages and hosepipe bans, scientists warn

Hot and dry conditions could force measures despite country experiencing wettest 18 months since records began

www.theguardian.com

Probably worth building some more reservoirs in that case - something those evil capitalist water companies have been wanting to do for years, but it turns out NIMBYism is a more powerful force.

Most ironic bit being the NIMBYs are the ones first to complain during a hosepipe ban.

Welcome to the consequences of your actions, NIMBY fucktards.

 

[Bodhi]

Welsh Water admits illegally spilling sewage for years

The company released untreated sewage at dozens of sites, including near a bottlenose dolphin habitat.

www.bbc.co.uk

Welsh Water is a non-profit organisation, which I'm sure you're aware of. Scottish Water are still nationalised, so I'm sure things are much better in Scotland!

They aren't, it just gets recorded as a hate crime if you criticise Scottish Water.

 

[Raven]

Welsh Water is a non-profit organisation, which I'm sure you're aware of. Scottish Water are still nationalised, so I'm sure things are much better in Scotland!

They aren't, it just gets recorded as a hate crime if you criticise Scottish Water.

Strange that they are claiming that existing stock is not full.

They would be, if we didn't just pump everything into the rivers and seas.

 

[Scouse]

Something those evil capitalist water companies have been wanting to do for years

Nope. Not NIMBY-ism.

They want the government - i.e. the public - to fund 'em. But they won't stop dividends to shareholders to perform repairs or upgrades - they want to increase our bills.

 

[Bodhi]

Nope. Not NIMBY-ism.

They want the government - i.e. the public - to fund 'em. But they won't stop dividends to shareholders to perform repairs or upgrades - they want to increase our bills.

You mean like the massive reservoir Thames Water proposed to build and fund in Abingdon, but the local NIMBYs said no?

South East Strategic Reservoir Option (SESRO) – a new reservoir for the south east - Thames Water Resources Management Plan

We’re proposing a new reservoir which would be located to the south west of Abingdon in Oxfordshire.

thames-wrmp.co.uk

 

[Bodhi]

Strange that they are claiming that existing stock is not full.

They would be, if we didn't just pump everything into the rivers and seas.

They don't have much choice where stuff gets pumped considering UK Sewers are designed to carry sewage and excess rainfall.

 

[Scouse]

You mean like the massive reservoir Thames Water proposed to build and fund

No increase to bills? They're stopping dividends? They're not expecting the public to stump up?

Still not "stopped" at all. The so-called 'nimbys' want clarity over the plans. You know, trivial stuff like environmental impacts, increased flood risks. And, you know, the answer to the question why don't they fix their fucking pipes that piss 30% of capacity into the ground every day?

Either way. Not stopped.

 

[Raven]

Fuck'um, let them go bust, hoover up the pieces and privatise them. At least fuck them with capitalism.

 

[Scouse]

Fuck'um, let them go bust, hoover up the pieces and privatise them. At least fuck them with capitalism.

Rule 1: Privatise the gains, socialise the losses.

Government is talking about "temporary public ownership" - so we pay them for their shares, then we re-nationalise when we've spent all the money - at a discount ofc.

 

[Embattle]

Rule 1: Privatise the gains, socialise the losses.

Government is talking about "temporary public ownership" - so we pay them for their shares, then we re-nationalise when we've spent all the money - at a discount ofc.

Actually I believe a recent law change made the government not liable to any of the debt if they take it over.

 

[Scouse]

Actually I believe a recent law change made the government not liable to any of the debt if they take it over.

Even if true, we'll still ramp up the bills, pay for the investment and re-privatise.

 

[Scouse]

Thames Water troubles swell as parent firm defaults on debt

Holding company Kemble has told lenders that it has failed to meet a deadline for interest payments.

www.bbc.co.uk

UK and Canadian pension funds as well as Chinese and Gulf State investors pulled the planned £500m cash injection when Ofwat rejected proposals to raise customer bills by 40% above inflation by 2030

We'll pay eventually. Government will cover it rather than let state investors lose cash. It's just how are Labour going to do it whilst making it look like they're not the tories?

 

[Embattle]

Fuck the investors, they've already taken enough money out of it.

 

[Embattle]

Thames Water board approved £150m payout hours before funding U-turn

Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company

www.theguardian.com

 

[Embattle]

Water companies raise bonuses to £9.1m despite record sewage discharges

Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

www.theguardian.com