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How can England possibly be running out of water?

theguardian.com

401–410 of 524 posts

Re: How can England possibly be running out of water?

#401

Earlier quoted context omitted.

The thing is, if a water company is in good financial health, with low debt and lots of money to invest in infrastructure, it’s completely legal for private equity to buy the company, stop investing in infrastructure, take out loans until a third of customer bills go on interest payments, and take the loaned money as ‘management fees’. Then dump untreated sewerage in rivers and demand more money from bill payers, bec…

Can you show me which UK water companies are in such a situation? My provider is Thames Water. They are losing money.

> My provider is Thames Water. They are losing money.

Are they losing money because costs exceed revenue, or are they losing money because they are servicing massive loan interest on money they already distributed to shareholders?

Re: How can England possibly be running out of water?

#403
post #378
post #367

Earlier quoted context omitted.

> It's not just water where the UK has a problem with this. Transport for London has also been forced to underprice its services for years by London's socialist mayor In the US we have a problem with fantastically underpricing public roads. We don't expect their books to break even, much less generate a profit. Meanwhile everyone asks why train systems are not profitable. > The US is a very right wing country. Yeah,…

I don't think Trump is anyone's idea of a textbook conservative, especially not economically. He's a former democrat with populist instincts. Such politicians are often popular. It's frequently said in the UK that the median British voter is socially conservative and economically liberal. It's true that the US subsidizes its road network. The effect is somewhat different though. If TfL doesn't get enough money in due…

> I don't think Trump is anyone's idea of a textbook conservative, especially not economically

I'm just going off what you said above:

> The US is a very right wing country. > It's politicians are better able to avoid populist price controls.

I don't think he is a traditional conservative either, but rather a right-wing nationalist ethno-socialist.

However, the fact is that he has the near unanimous support of most "textbook conservatives", both in Congress and in the broader Republican party, as evidenced by their voting for and supporting a massive debt-exploding budget and their silence in the face of his ethno-nationalist executive actions.

If he isn't a textbook conservative, neither are they.

Re: How can England possibly be running out of water?

#404
post #378
post #367

Earlier quoted context omitted.

> It's not just water where the UK has a problem with this. Transport for London has also been forced to underprice its services for years by London's socialist mayor In the US we have a problem with fantastically underpricing public roads. We don't expect their books to break even, much less generate a profit. Meanwhile everyone asks why train systems are not profitable. > The US is a very right wing country. Yeah,…

I don't think Trump is anyone's idea of a textbook conservative, especially not economically. He's a former democrat with populist instincts. Such politicians are often popular. It's frequently said in the UK that the median British voter is socially conservative and economically liberal. It's true that the US subsidizes its road network. The effect is somewhat different though. If TfL doesn't get enough money in due…

The point is that the US doesn't subsidise rail, and yet they do exercise price controls on many forms of rail, so on both fronts rail is screwed when it comes to competing with road travel

Re: How can England possibly be running out of water?

#405
post #226

Earlier quoted context omitted.

Well sewage has to be dumped (especially in storm conditions), and the water companies have licences to do so. However Thames was found to be in breach of the license, so were fined. Many people claim these things happen because "shareholders" however it was completely widespread practice to dump sewage before privatisation and the system is literally designed to do so. This doesn't make it OK, however.

Sewage doesn't have to be dumped. Simply separate your black water and grey water. Storm drains can go to rivers (if the rivers have capacity – if not, it's sometimes easier to give the river more capacity than to build more sewers), and the amount of water in sewage pipes will be independent of the amount of rain. Sure, the sewers might not currently be designed that way, but that can be changed. (It's a logistical…

This is such a pedantic point.

How does it add anything to the conversation?

Re: How can England possibly be running out of water?

#406

Earlier quoted context omitted.

The thing is, if a water company is in good financial health, with low debt and lots of money to invest in infrastructure, it’s completely legal for private equity to buy the company, stop investing in infrastructure, take out loans until a third of customer bills go on interest payments, and take the loaned money as ‘management fees’. Then dump untreated sewerage in rivers and demand more money from bill payers, bec…

Can you show me which UK water companies are in such a situation? My provider is Thames Water. They are losing money.

What is the debt load of TW? Cost of servicing it?

Re: How can England possibly be running out of water?

#407
post #217

Earlier quoted context omitted.

> we did this to ourselves I would argue that a small minority of the human race did this to the rest. > the lack of foresight Everybody on the planet is well aware of what is happening and why. Its not lack of foresight, it is pure ignorance and apathy of those who are making money off the backs of these tragedies.

> > we did this to ourselves > I would argue that a small minority of the human race did this to the rest Yes, just the people that use fossil fuels to drive, heat their homes, power their electrical lines, and so forth. /s You can't dodge responsibility by pushing the blame upwards on everything. Are you posting these comments from a computer powered by solar panels?

No, the people who made it so that there was no way for humans to enjoy those reasonable comforts without contributing to pollution.

> Are you posting these comments from a computer powered by solar panels?

That's precisely the point. It shouldn't be individual responsibility to improve our infrastructure (though, in point of fact, I actually _am_ posting using solar power). A good society is one in which everyone _is_ using solar power _without realizing it_, because those responsible for providing power to society do so responsibly.

Re: How can England possibly be running out of water?

#408

Earlier quoted context omitted.

although a good point, there is obvious surface level nuance though; oil companies hid the research of climate change for a decade or two, they also lobbied (and still do) against subsidies for renewable energy and for oil and gas subsidies (in development in most countries, and even end customer price subsidies in others). and of course there's further nuance below the surface as well.

Once the hidden research was revealed to the public, we all started curbing our carbon emissions, right?

I did. Didn't you?

Re: How can England possibly be running out of water?

#409

Thatcher's conservative government sold off all the UK's family silver in the 80s. Now we are held to ransom the by the big companies that own these monopolies. It was a short-sighted act with predictably awful consequences and they should never be forgiven for it.

More poisonous fruit from the Reagan tree.

Re: How can England possibly be running out of water?

#410

Earlier quoted context omitted.

Can you show me which UK water companies are in such a situation? My provider is Thames Water. They are losing money.

> My provider is Thames Water. They are losing money. Are they losing money because costs exceed revenue, or are they losing money because they are servicing massive loan interest on money they already distributed to shareholders?

Page 10 of their 24/25 annual report says they only pay 8% toward interest payments, the largest outgoing is infrastructure, then opex.

https://www.thameswater.co.uk/media-library/l13deqmw/thames-...

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