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Farm Business
Agricultural Matters
River pollution to be reduced by 80pc - but the plan will take 30 years
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<blockquote data-quote="wanton dwarf" data-source="post: 8066122" data-attributes="member: 5903"><p>From the same article in the comments:</p><p></p><p>[URL unfurl="true"]https://www.gmb.org.uk/news/more-70-englands-water-industry-owned-foreign-companies[/URL]</p><p></p><p>Some of the leading overseas owners of England’s privatised water companies include:</p><p></p><p></p><ul> <li data-xf-list-type="ul">Malaysian company YTL Corporation Berhad which owns all of Wessex Water</li> <li data-xf-list-type="ul">Cheung Kong Group, a multinational registered in the Cayman Islands run by family of Li Ka Shing (Hong Kong’s richest person). They own 80% of Northumbrian Water.</li> <li data-xf-list-type="ul">U.S. hedge funds Blackrock, Lazard and Vanguard each own a stake in Severn Trent, United Utilities and South West Water</li> <li data-xf-list-type="ul">Between Germany’s Deutsche Asset Management and US private equity company Corsair Capital own half of Yorkshire Water</li> <li data-xf-list-type="ul"> 40% of Southern Water is owned by US investment company JP Morgan Asset Management</li> <li data-xf-list-type="ul">A third of Thames Water is owned by investment fund companies from the United Arab Emirates, Kuwait, China and Australia</li> <li data-xf-list-type="ul">Australia’s Colonial First State Global Asset Management owns a stake in Anglian Water, Severn Trent, United Utilities and South West Water</li> </ul><p></p><p>In recent months, GMB investigations into England’s nine privatised water companies have revealed the following:</p><p></p><p></p><ul> <li data-xf-list-type="ul"> Dividends worth £6.5 billion were paid out to shareholders in the past five years, with £1.4 billion paid out in 2017 alone. </li> <li data-xf-list-type="ul"> 2.4 billion litres of water is wasted through leaks every single day in England. </li> <li data-xf-list-type="ul"> CEOs of the nine privatised water company trousered a whopping £58 million in salary, bonuses, pensions and other benefits over the past five years. </li> <li data-xf-list-type="ul"> While shareholders pocketed these eye-watering sums, consumer water bills in England and Wales have increased by 40% above inflation since privatisation in 1989 according to <a href="http://https://www.nao.org.uk/wp-content/uploads/2014/07/The-economic-regulation-of-the-water-sector.pdf" target="_blank">a report by the National Audit Office</a> </li> </ul></blockquote><p></p>
[QUOTE="wanton dwarf, post: 8066122, member: 5903"] From the same article in the comments: [URL unfurl="true"]https://www.gmb.org.uk/news/more-70-englands-water-industry-owned-foreign-companies[/URL] Some of the leading overseas owners of England’s privatised water companies include: [LIST] [*]Malaysian company YTL Corporation Berhad which owns all of Wessex Water [*]Cheung Kong Group, a multinational registered in the Cayman Islands run by family of Li Ka Shing (Hong Kong’s richest person). They own 80% of Northumbrian Water. [*]U.S. hedge funds Blackrock, Lazard and Vanguard each own a stake in Severn Trent, United Utilities and South West Water [*]Between Germany’s Deutsche Asset Management and US private equity company Corsair Capital own half of Yorkshire Water [*] 40% of Southern Water is owned by US investment company JP Morgan Asset Management [*]A third of Thames Water is owned by investment fund companies from the United Arab Emirates, Kuwait, China and Australia [*]Australia’s Colonial First State Global Asset Management owns a stake in Anglian Water, Severn Trent, United Utilities and South West Water [/LIST] In recent months, GMB investigations into England’s nine privatised water companies have revealed the following: [LIST] [*] Dividends worth £6.5 billion were paid out to shareholders in the past five years, with £1.4 billion paid out in 2017 alone. [*] 2.4 billion litres of water is wasted through leaks every single day in England. [*] CEOs of the nine privatised water company trousered a whopping £58 million in salary, bonuses, pensions and other benefits over the past five years. [*] While shareholders pocketed these eye-watering sums, consumer water bills in England and Wales have increased by 40% above inflation since privatisation in 1989 according to [URL='http://https://www.nao.org.uk/wp-content/uploads/2014/07/The-economic-regulation-of-the-water-sector.pdf']a report by the National Audit Office[/URL] [/LIST] [/QUOTE]
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River pollution to be reduced by 80pc - but the plan will take 30 years
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