There is a “revolving door” of executives between regulators supposed to clamp down on sewage spills and water companies, raising questions about a “conflict of interest”, an investigation has revealed 🔴 Exclusive from singharj
Mr Farron, a former leader of the Lib Dems, added: “I fear we may now have a revolving door between water companies, the regulator and even government agencies. We can’t have a cosy job club in this industry given the environmental scandals being committed. There needs to be an independent investigation into this.”
Both Ofwat and the Environment Agency have previously been criticised for allegedly failing to punish water companies for sewage discharges in rivers and coastal areas as well as high levels of water leaks from its aging pipe network. However, in March Ofwat promised to block water companies from paying dividends to shareholders if they fail to protect the environment after securing new powers.
The Government also stressed it has robust procedures in place to prevent conflicts of interest, including the Treasury’s corporate governance code.
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