Parliamentary Bill tabled to “rip up” Thames Water and begin industry reform
The Liberal Democrats have tabled a new Parliamentary Bill to reform water companies amid a crisis in the industry.
The new bill, tabled by the party’s Environment spokesperson Tim Farron, would transform the disgraced firms into “Public Good Companies”. Under the plans, water firms would no longer prioritise profit over the environment. The companies’ boards would be reformed, to include environment experts, and become far more open and transparent to the public. Currently, water firms are not obligated under law to provide information to the public, and can refuse to answer Environmental Requests for Information.
Water firms must stop putting profit before the environment. These firms need reforming from top to bottom. This law would be an important first step to finally turning around this sinking ship.
