Submitted on Monday 6th May 2024
Rejected on Thursday 16th May 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
Renationalise England's water industry.
I want Parliament to take back control of our water companies by renationalisation to prevent them further polluting our rivers and seas by prioritising profit maximization for the benefit of their share holders' dividends and executives' pay over all other considerations.
Since the water industry has been privatised it has run up debts of £54bn and paid out dividends of £65.9bn while failing to invest sufficiently in infrastructure. Much of the privatised water industry is now owned by foreign investment companies, private equity and businesses based in tax havens. Parliament is not legally obliged to compensate shareholders but previous nationalisations have been achieved by swapping shares for government bonds. Nationalisation will increase accountability.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign:
Ban water companies discharging raw sewage into seas and rivers
petition.parliament.uk/petitions/652665
Nationalise All Water, Gas, Electricity, Rail and Bus companies.
petition.parliament.uk/petitions/656073
52.14.236.72 Fri, 14 Jun 2024 18:23:16 +0100
