Thames Water is being investigated by the water regulator for England and Wales, Ofwat, after the struggling company delayed environmental improvement schemes.
The investigation was launched after the Guardian revealed that the UK’s largest water company intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs, including bonuses and dividends.
Ofwat opened an enforcement case into Thames Water to decide whether the company breached its obligations in failing to deliver 100 out of 812 schemes it was supposed to put in place between 2020 and 2025.
Completely agree.
Fines are useless as they don’t impact the decision makers. We need real consequences for their actions.