The first is that environmental standards at water companies will have to improve, as net-zero will require it.
Water companies have high emissions, do they?
Within the concept of sustainable cost accounting that leads me to ask the obvious question, which is whether these companies can really be considered to be going concerns now, since SCA requires that they must have the simultaneous ability to both settle their liabilities as they fall due and cause no adverse environmental harm when doing so. If ever there was a group of companies where this seems unlikely to be the case then these water companies would seem to be it. It is certainly an issue to consider.
And if they are not going concerns, then what should be done? If ever there was a case for nationalisation this is surely it? How else are we to have the clean and sustainable water that is essential for life?
He can confiscate anything on that basis, can’t he?