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No dividends for water companies losing more than 10% through leaks during a drought

Submitted on Friday 4th May 2012

Published on Friday 11th May 2012

Current status: Closed

Closed: Saturday 11th May 2013

Signatures: 3

Petition Action

No dividends for water companies losing more than 10% through leaks during a drought

Additional Information

We petition the government to ensure that no water company be allowed to issue dividends to it's shareholders or bonuses to it's executives in any drought period during which that company loses more than 10% of its water supply to leaks.
This restriction should apply in any period that drought restrictions are placed on the public in the area that company serves.
In some of most drought hit regions, water companies lost up to 27% of their supply last year to leaks, a situation that clearly needs to be rectified.


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