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...That has left the company rushing to raise more than £3bn in fresh capital by 2030, including £750mn by next year, to keep services running and improve its water and sewage infrastructure....
...Two of Britain’s biggest water companies have failed to map large parts of their sewage networks, underscoring the challenge facing privatised utilities as they try to fix their poor environmental record...
...Exposure to criminal sabotage is causing enormous damage to that sector,” Woodcock told the Financial Times, adding that “vital energy supplies and infrastructure” were also being targeted....
...Thames Water has brought in advisers, including EY and Teneo, which advised the government on the collapse of the energy supplier Bulb....
...“The capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...Other debt-laden water companies are wrestling with higher financing costs on borrowings, as well as historically steep construction, energy and labour prices....
...The UK has moved to restrict Chinese investment in critical infrastructure such as the planned new Sizewell C nuclear power plant in Suffolk and forcing telecoms groups to strip out Huawei equipment from...
...Detailed information about the model’s energy use has not been made available....
...The International Energy Agency this year found the global energy industry was responsible for 135mn tonnes of methane emissions in 2022, only slightly below record high levels of 2019....
...The proposal comes as the company struggles with the effect of higher inflation on labour, energy and materials costs, making it more expensive to deliver existing projects....
...Environmental campaigners blamed Thames Water; the company blamed excessive rain. Oxford’s coach declared the situation a “national disgrace”....
...The UK government has sought to quell public anger over sewage pollution by allocating £11mn collected in fines against water companies to environmental restoration projects in the affected areas....
...Sites in some parts of England and Wales were spilling almost every day of the year, according to data from the environmental regulator....
...Jonathan Gray, president of Blackstone, said activity was rising for loans to infrastructure businesses, and those financing sustainable energy projects and digital communications....
...Water companies in England and Wales will be required to install monitors on an additional 7,000 emergency overflow pipes used to dump sewage into the nation’s waterways, the environmental watchdog has said...
...A separate report released in April found that Europe will need to invest €800bn in its energy infrastructure to meet 2030 climate goals, and a total of €2.5tn to complete the green transition by 2050....
...Andrew Baxter, an energy director at the Environmental Defense Fund, said the OGCI initiative is important because it combines satellite detection with peer-to-peer engagement and technical and financial...
...The writer is a KC specialising in energy and natural resources law....
...Ofwat said that its next regulatory period would “put customer and environmental priorities at the heart of the water sector”....
...This also contains enough lithium to make processing worthwhile, given rising mineral prices and existing extraction infrastructure....
...Politicians and investors are softening their opposition to fossil fuels, an approach that has been badged as “energy pragmatism”. “Pragmatism”, however, is too kind a label....
...The industry was emitting 60 per cent more of the planet-warming gas than the US Environmental Protection Agency had estimated, mainly because of leaks in piping and other infrastructure and the venting...
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