Policy and Regulation, UK

UK regulator ties water companies' dividends to environmental performance

A sewage overflow outlet discharges into an English river. The government says companies should not be allowed to pollute without facing the consequences (Photo: Dan Kitwood/Getty Images)

Ofwat is using new powers to prevent water companies from paying shareholders without first accounting for the interests of customers and the environment. UK water regulator Ofwat has requested company boards consider environmental performance and the level of service provided to customers when deciding whether to pay shareholders, and pledged ...

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