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Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses (www.theguardian.com)

submitted 3 days ago by GreyShuck@feddit.uk to c/nature@feddit.uk

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Thames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs including bonuses and dividends, the Guardian can reveal.

The company, which serves more than 16 million customers, cut the funds after senior managers assessed the potential risks of such a move.

Discussions – held in secret – considered the risk of a public and regulatory backlash if it emerged that cash set aside for work such as cutting river pollution had been spent elsewhere.

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[-] lath@lemmy.world 4 points 3 days ago

And? Were they right?

this post was submitted on 24 Dec 2024

144 points (100.0% liked)

UK Nature and Environment

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