Water companies have issued a fifth of the UK's green bonds since 2017, despite a consistently poor record of sewage pollution during that time, research has shown. Privately owned water companies in England have together issued 10.5bn in bonds tied to projects that offer environmental benefits, according to analysis of financial market data by Unearthed, which is part of Greenpeace UK. Anglian Water has been the biggest issuer in the water industry, at 3.5bn, with struggling Thames Water second at 3.1bn.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground.
Labour could have chosen the public interest over the profit motive when reorganizing the water industry in England and Wales. Despite polling showing support for publicly owned water companies, the government ruled out reversing the 1989 water privatization.
Despite concerns from regulators regarding its financial situation, Affinity Water has doubled the pay of its chief executive, Keith Haslett, to 1.6 million for the 2024-25 financial year, up from 709,000 the prior year.