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?

20 thoughts on “Eh?”

  1. No matter the problem, the answer with these morons is always socialism, despite the fact that it has never worked and never will. The only people pushing it are those who imagine themselves as being in the Zil Lane if it comes.

  2. Before privatisation the same outfit (e.g. a County Council) was responsible both for the sewage works that were major polluters of rivers, and for enforcing cleanliness of the rivers.

    After privatisation the two jobs were split. Guess which system worked better?

    The man’s a moron. (A mentally ill moron, I suspect.)

  3. they must have the simultaneous ability to both settle their liabilities as they fall due and cause no adverse environmental harm when doing so

    Bit of a non sequitor there perhaps. How the hell can you harm the environment by paying your bills?

  4. dearieme highlights the core reason why the government should not be running services and why pupils do not mark their own homework. There are tomes on “regulatory capture” where regulated companies try to influence the regulator but Murphy and others on that wing of the Labour party want the owner of the regulated companies to *be* the regulator.

  5. I filter drinking water. It’s a shame there is no filter on the P3’s utterances – remove the idiotic twattery from them and there would be little left.

  6. Spud is hazardous to the environment. He should be sent on a long and especially detailed fact-finding mission to the water companies’ waste treatment plants – the deepest and most fetid parts.

  7. Spot on Tim. SCA is a scam for the left to nationalise anything they want without compensation. It’s his latest pitch to the left for a job/peerage. Fortunately no one is showing any interest.

  8. Sam Jones

    I wonder if he’ll excommunicate the SCA gang like he has those in the ‘Fair Tax Mark’ camp?

  9. Bloke in North Dorset

    Mrs BiND is rewatching The Crown (yes, I know, treat as historical novel) but the episode on Aberfan was a timely reminder that the NCB was a self-regulating industry.

  10. Bloke in North Dorset

    “ No matter the problem, the answer with these morons is always socialism, despite the fact that it has never worked and never will. The only people pushing it are those who imagine themselves as being in the Zil Lane if it comes.”

    In the early days of blogging this was known as Kipp’s Law, after the blogger who coined it. The law states:

    Those who call for central planning always, but always, imagine they will be doing the central planning.

    His blog was dedicated to finding examples.

  11. Harry Haddock's Ghost

    The guy shows signs of someone who is in a very dark place. Perhaps, if I could be so rude as to suggest to our host what to feature on his own blog, it is time to leave him alone and hope he gets the assistance he so obviously needs.

  12. jgh, can understand numbers

    “Some aspects are also very weak: tax is treated as a cost”

    WTF? You mean the tax a company pays should be listed as an income?

  13. Bloke in North Dorset

    Harry,

    While Spud still gets MSM and even political party attention, he shouldn’t get any special treatment from anyone. Tim’s already said his wife is off limits and that’s good, she’s not courting publicity or public funds.

  14. @Van_Patten

    Not yet, as SCA is just him. If someone else takes it up and it takes off then he’ll fall out with them!

    cf Fair Tax Mark, Tax Justice Network, etc.

  15. If someone else takes it up and it takes off then he’ll fall out with them!

    I wouldn’t underestimate Spud’s ability to have a falling-out in a group of one.

  16. Uk worst water poisoning incident happened in nationalised water company 3000 times permitted level of aluminium sulphate they spent 2/3 weeks claiming it was safe to drink.

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