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

submitted 3 weeks 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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[-] HumanPenguin@feddit.uk 2 points 2 weeks ago* (last edited 2 weeks ago)

Discussions – held in secret – considered the risk of a public and regulatory backlash

I can only assume said discussions came to the conclusion.

They don't give a shit about the public, and nor do the regulators.

The lack of "regulatory backlash " makes me wonder how well spread these bonuses were.

this post was submitted on 24 Dec 2024

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