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Thames Water annual results – Friends of the Earth responds

news release

Responding to Thames Water’s annual results, Paul de Zylva, senior sustainability analyst at Friends of the Earth, said:

“Water companies have had free license to line their shareholders’ pockets handsomely for decades while letting our rivers and seas fill with sewage and infrastructure crumble.

“Failed regulation has allowed Thames Water’s past and present owners to extract money, and to burden the company with debts running at over £19billion.

“It’s staggering that the company is still counting on weak regulation to allow it to survive by pushing its problems onto its customers – asking Ofwat to allow it increase bills by a shocking 59%. This means bill payers being left to subsidise what little it’s prepared to invest towards fixing the pollution and sewage scandal.

“The regulator must end this license for water companies to profit from pollution, while wildlife and our health is put at risk.

“Proper regulation means Ofwat must make Thames Water and other water companies pay for the clean-up needed without passing on higher bills to us. It also means proper fines for polluting and an end to water bosses getting high pay and bonuses for failure.”

ENDS

For more information and interviews contact the Friends of the Earth press office on 020 7566 1649 or email media@foe.co.uk.

Notes to editors:

1. About Friends of the Earth: Friends of the Earth is an international community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 75 countries, combining people power all over the world to transform local actions into global impact. For more information visit: https://friendsoftheearth.uk/ follow us at @friends_earth, or like our Facebook page. Save paper and send an e-card today, available at http://foe.uk/ecogifting

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