XM non fornisce servizi ai residenti degli Stati Uniti d'America.

UK water companies fail to get basics right, environmental regulator says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-UK water companies fail to get basics right, environmental regulator says</title></head><body>

Five out of nine rated as 'requiring improvement'

47 serious pollution incidents in 2023, up by three

Tougher regulation on the way

Adds Water UK comments in paragraphs 6, 7, 12

By Sarah Young

LONDON, July 23 (Reuters) -Britain's Environment Agency on Tuesday lambasted the country's water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach.

Years of under-investment by privately run, profit-seeking water companies in the UK have coincided with heavier rainfall from climate change and a growing population to bring the country's water industry close to crisis.

Regulator the Environment Agency said in its annual report on Tuesday that five out of nine companies were rated as "requiring improvement", and that the pace of progress towards making water cleaner was too slow.

One of those five failing companies was Thames Water, the country's biggest water supplier, which for the last year has dominated headlines for its poor environmental record and a funding crisis that means it could be nationalised.

The Environment Agency said that in 2023 there were 47 serious pollution incidents, up from 44 the previous year, and that 90% of those incidents were caused by four companies - Thames, Anglian Water, Southern Water and Yorkshire Water.

Water UK, which represents the companies, agreed that improvements were needed, and called on the industry's other regulator, Ofwat, to back the companies' spending plans for the next five years.

"Water companies have proposed investing a record 105 billion pounds ($135.59 billion) to secure our water supply in the future and stop sewage entering our rivers and seas. Ofwat needs to approve these plans in full as any less will put critical improvements at risk," a Water UK spokesperson said.

Britain's Environment, Food and Rural Affairs Minister Steve Reed called the findings "shocking".

"For too long, water companies have pumped record levels of sewage into our rivers, lakes and seas. This government will never let this happen again," he said in a statement.

The new Labour government, elected three weeks ago, has already outlined steps to introduce new fines for water companies, increase monitoring for spills and ensure money is spent on infrastructure upgrades and not executive bonuses.

For its part, the Environment Agency said it would recruit 500 additional staff and quadruple the number of water company inspections by March next year.

Water UK said that since 2011 the Environment Agency had repeatedly tightened targets.

Severn Trent SVT.L, United Utilities UU.L and Wessex Water were all given the top rating for environmental performance by the Environment Agency. It says all companies should be able to achieve that.

Severn Trent said on Tuesday it was confident it could halve its spill rate by 2030.

But doing so requires investment. Thames Water, Britain's biggest water supplier, is trying to raise new equity before it runs out of cash by next May.

($1 = 0.7744 pounds)



Reporting by Sarah Young; Editing by Jan Harvey

</body></html>

Disclaimer: le entità di XM Group forniscono servizi di sola esecuzione e accesso al nostro servizio di trading online, che permette all'individuo di visualizzare e/o utilizzare i contenuti disponibili sul sito o attraverso di esso; non ha il proposito di modificare o espandere le proprie funzioni, né le modifica o espande. L'accesso e l'utilizzo sono sempre soggetti a: (i) Termini e condizioni; (ii) Avvertenza sui rischi e (iii) Disclaimer completo. Tali contenuti sono perciò forniti a scopo puramente informativo. Nello specifico, ti preghiamo di considerare che i contenuti del nostro servizio di trading online non rappresentano un sollecito né un'offerta ad operare sui mercati finanziari. Il trading su qualsiasi mercato finanziario comporta un notevole livello di rischio per il tuo capitale.

Tutto il materiale pubblicato sul nostro servizio di trading online è unicamente a scopo educativo e informativo, e non contiene (e non dovrebbe essere considerato come contenente) consigli e raccomandazioni di carattere finanziario, di trading o fiscale, né informazioni riguardanti i nostri prezzi di trading, offerte o solleciti riguardanti transazioni che possano coinvolgere strumenti finanziari, oppure promozioni finanziarie da te non richieste.

Tutti i contenuti di terze parti, oltre ai contenuti offerti da XM, siano essi opinioni, news, ricerca, analisi, prezzi, altre informazioni o link a siti di terzi presenti su questo sito, sono forniti "così com'è", e vanno considerati come commenti generali sui mercati; per questo motivo, non possono essere visti come consigli di investimento. Dato che tutti i contenuti sono intesi come ricerche di investimento, devi considerare e accettare che non sono stati preparati né creati seguendo i requisiti normativi pensati per promuovere l'indipendenza delle ricerche di investimento; per questo motivo, questi contenuti devono essere considerati come comunicazioni di marketing in base alle leggi e normative vigenti. Assicurati di avere letto e compreso pienamente la nostra Notifica sulla ricerca di investimento non indipendente e la nostra Informativa sul rischio riguardante le informazioni sopra citate; tali documenti sono consultabili qui.

Avvertenza sul rischio: Il tuo capitale è a rischio. I prodotti con leva finanziaria possono non essere adatti a tutti. Ti chiediamo di consultare attentamente la nostra Informativa sul rischio.