Tag: environment

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Antitrust claim against six water companies In England threatening environmental health

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Six water companies in England have been accused of overcharging customers between £800mn and £1.5bn by under-reporting the scale of their sewage pollution, in a case that may pave the way for customers to receive hundreds of millions of pounds in refunds. Competition Appeals Tribunal yesterday lawyers for Carolyn Roberts, a former professor and environmental consultant, accused the privatised companies of abusing their monopoly position to mislead regulators over the amount of sewage they were discharging into rivers since 2015. Roberts alleges, that, as a result, Thames Water, Yorkshire Water, Anglican Water, Severn Trent, Northumbrian Water and United Utilities, were … Continue reading Antitrust claim against six water companies In England threatening environmental health

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Growth & innovation allowed people to escape cycles of boom and bust

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Economic growth has freed billions from poverty in the past two decades and made our lives far healthier and longer, resulting in the unfettered pursuit of growth  defining economic life around the world. However, this prosperity has come at an enormous price: deepening inequalities, destabilizing technologies, environmental destruction and climate change. Daniel Susskind, economist, argues that too few people understand growth and many in our era of sluggish productivity, the worry is slowing growth – in the UK, Europe, China and elsewhere – and reversing this stagnation is the goal of every politician. Some eco-warriors think there’s too much of … Continue reading Growth & innovation allowed people to escape cycles of boom and bust

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India has applied for two deep-sea exploration licences

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India which has two deep-sea exploration licences in the Indian Ocean, has applied for two more amid increasing competition between major global powers to secure critical minerals including cobalt, nickel, copper and manganese that lie thousands of meters below the surface of oceans which could hold key to a cleaner future. These metals are used to produce renewable energy such as solar and wind power, electric vehicle batteries. The UN-affiliated International Seabed Authority (ISA) has issued 31 exploration licences so far, of which 30 are active. Its member countries are meeting in Jamaica this week to discuss regulations around giving … Continue reading India has applied for two deep-sea exploration licences