Australian asset managers are big owners of UK water companies, which are feeling political heat from a campaign helmed by pop icon Feargal Sharkey.
| The clutch of Australian asset managers and superannuation funds with billions sunk into the British water industry are facing a white-knuckle ride, as political pressure builds on the companies to clean up their act.A Good Heart
The government had been quietly rowing back on plans to ramp up fines for polluters from a maximum of £250,000 to as much as £250 million. But Mr Sunak told the“I would welcome tougher fines for water companies and that is what we are putting in place,” he was quoted as saying.The opposition Labour Party has seized on the media’s renewed interest.
The dozen English and Welsh water utilities that deal with sewage reportedly discharged untreated effluent more than 370,000 times in 2021, a total of 2.6 million hours of sewage oozing into rivers.
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