Water companies are
profiteering off pollution.
Despite nearly every water company recording a loss for the year ending 31st March 2022, the majority of them still paid out dividends to shareholders totalling £965 million.
And last financial year, water companies paid out a cumulative total of £16.5 million to their CEOs.
And the government is complicit.
They have gutted regulator funding, reducing it from £120 million to £50 million over the last decade.
They have ‘stripped red tape’, allowing water companies to self-report on their pollution. And their action plan to tackle sewage pollution simply kicks the can downstream, essentially giving companies free rein to continue dumping sewage into our waterways for the next 28 years.