Mar 22, 2017

Thames Water fined record £20m for sewage dump

Thames Water has been fined a record £20.3m after it admitted to dumping 1.4bn litres of raw sewage into the river Thames. Announcing the penalty at Aylesbury Crown Court on Wednesday, Judge Francis Sheridan called the Thames Water incident "a shocking and disgraceful state of affairs", adding: "It should not be cheaper to offend than to take appropriate precautions." Thames Water has 21 days to pay. Steve Robertson, chief executive of Thames Water, said it "Deeply regretted" the incidents and that pollution at Thames Water sites had halved since 2013. Thames Water last year became the first water company to receive a £1m fine under the new regime when it was penalised for repeated sewage leaks into the Grand Union canal. Macquarie, the Australian infrastructure bank that owned the biggest stake in the company at the time of the sewage dump, sold its last remaining stake in Thames Water for an estimated £1.3bn to the Canadian pension fund Omers and the Kuwait Investment Authority earlier this month.

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