Tag: water

Water industry investors have withdrawn billions, claims research

Christina Lobo
Water industry investors have withdrawn billions, claims research

Dearbail Jordan,Business reporter, BBC News

Getty Images Woman takes water sample from a river Getty Images

Shareholders in some of the UK’s largest water companies have taken out tens of billions of pounds but failed to invest, new research claims, with firms planning to raise household bills to fund future spending.

Investors have withdrawn £85.2bn from 10 water and sewage firms in England and Wales since the industry was privatised more than 30 years ago, analysis by the University of Greenwich suggests.

Companies are under pressure following sewage spills and water leaks, which critics have blamed on under-investment in the country’s infrastructure.

Ofwat, the

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Ban water bosses’ bonuses now over sewage spills, say campaigners

Christina Lobo
Ban water bosses’ bonuses now over sewage spills, say campaigners

By Sam Gruet & Lucy HookerBusiness reporters, BBC News

Getty Images Protesters in London last yearGetty Images
Protesters in London last year

Water company executives should immediately lose their bonuses if the firm they run causes environmental damage, such as illegal sewage spills into rivers, campaigners say.

Regulator Ofwat is to consult later this year on whether plans to ban bonuses could be introduced.

Environment secretary Stephen Barclay said it was time water company bosses “took responsibility”.

But a campaign group said the policy should be implemented immediately.

“The issue here is black and white. Just ban these iniquitous rewards for wrecking the environment now,”

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Will China weaponise the yuan? Worldwide finance body throws chilly water on the thought as it rankles marketplaces

Christina Lobo
Will China weaponise the yuan? Worldwide finance body throws chilly water on the thought as it rankles marketplaces

Beijing could – if it seriously wished to – greatly devalue China’s yuan to prop up the nation’s exports. Or at the very least that’s what the current market fears.

But the world association of the fiscal marketplace states China’s leadership is unlikely to utilise this sort of a seismic option, even as the world’s 2nd-greatest financial state has been labouring to reverse a persistent downturn.

China’s yuan has depreciated steadily given that February, driven by the faltering post-pandemic economic climate and widening produce gap with other economies this kind of as the US, as effectively as dampening funds flows

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San Jose Drinking water Gets CPUC Approval for Good Meter Know-how

Christina Lobo
San Jose Drinking water Gets CPUC Approval for Good Meter Know-how

SAN JOSE, Calif.–(Organization WIRE)–San Jose H2o (“SJW” or “the Company”), a wholly-owned subsidiary of SJW Group (NYSE: SJW), announced today that the California Community Utilities Fee (CPUC) has approved its request to deploy Advanced Metering Infrastructure, more commonly regarded as AMI or clever meters. The Business will be investing around $100 million around the up coming 4 several years in this engineering, which supports client company and environmental goals.

“We value the CPUC’s acceptance of our AMI ask for, which will boost the shopper encounter by providing buyers bigger handle about their water usage and drinking water expenditures.

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