So collectors wishing to take over Thames Water need the corporate and its senior administration to be granted clemency from guidelines on sewage spills and environmental safety (Bidders demand Thames Water granted immunity over environmental crimes, 7 June). The rights of buyers, it might appear, ought to prevail over the rights of communities to a clear atmosphere.
It’s the failure of rigorously enforced regulation that led to the mismanagement of Thames Water, with loans getting used to extend shareholder dividends and bloated bonuses for incompetent managers. In lots of international locations the regulation can now be used to confiscate non-public property gained from immoral actions, resembling drug-running and prostitution. There isn’t a cause why those that accrue wealth by way of the degradation of the pure atmosphere needs to be handled any in a different way.
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