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Reposted
The Guardian
@theguardian.com
· Jun 7
Bidders demand Thames Water granted immunity over environmental crimes
Exclusive: ‘Ransom note’ requests would leave Environment Agency unable to prosecute company or management
Lenders vying to take over Thames Water have demanded that the struggling company and its management be granted immunity from prosecution for serious environmental crimes as a condition of acquiring it, the Guardian can reveal.
Creditors want the environment secretary, Steve Reed, to grant the water company extraordinary clemency from a series of strict rules covering everything from sewage spills to failure to upgrade its water treatment works. Continue reading...
www.theguardian.com
Reposted
The Guardian
@theguardian.com
· Mar 14
Thames Water begs to be spared fines and costs, warning bidders will walk away
Exclusive: Managers and lenders racing to find a buyer want regulator to agree to leniency amounting to billions of pounds
Thames Water is asking to be spared billions of pounds of costs and fines over the next five years and heap more on to bills so it…
www.theguardian.com