UK Nature and Environment

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

submitted 3 months 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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[–] baggins@beehaw.org 1 points 3 months ago

So they went out of their way to siphon (pun intended) off the money, showing utter contempt for everyone apart from themselves and shareholders.

They should be dragged from their homes and everything they own siezed. Then they can clean drains for the rest of their lives.