I met with Water Minister Rebecca Pow last night to raise the issue of the Trent's water quality and to ask her to visit the National Watersports Centre to meet with myself, British Canoeing and Severn Trent.
I was delighted that yesterday, the water regulator Ofwat announced new rules to make sure that water companies prioritise investing their profits in cleaning up the environment and delivering for their customers.
take account of environmental performance and customer delivery when deciding whether to pay dividends to their shareholders
hold a strong credit rating
stop paying dividends if their financial health is at risk
If companies do not adhere to the above, powers in the Environment Act 2021 will give Ofwat the ability to take enforcement action.
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