UK water companies at risk of claims after Supreme Court sewage ruling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
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Source: reuters
- Landmark Ruling: British water companies face increased lawsuit risks over pollution after a Supreme Court ruling allowing lawsuits for discharges of untreated sewage.
- United Utilities Lawsuit: Manchester Ship Canal can sue United Utilities for contaminated water discharges.
- Public Outrage: Public anger over raw sewage dumping in waterways prompts legal actions against water companies.
- Investment and Regulation: Water companies plan to invest billions to reduce spills, while seeking approval to invest 100 billion pounds to improve infrastructure and treatment processes.
- Legal Implications: The Supreme Court's ruling could lead to more litigation against water companies for pollution, potentially prompting a wave of legal action.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
