Comment on Water firms ask for bill rises of between 24% and 91%

• thr0w4w4y2@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

  yes that would be awesome, but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout, plus “service all the debt the company is in” which is another bailout, before you’ve even got started with fixing the horrible lack of investment over many years

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  • IchNichtenLichten@lemmy.world ⁨6⁩ ⁨months⁩ ago

    but the problem is that “make it publicly owned” means “buy out their shares” which is giving them a bailout

    The shares would be almost worthless.

    plus “service all the debt the company is in” which is another bailout

    Nope, the company would be wound up.

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  • ephemeral_gibbon@aussie.zone ⁨6⁩ ⁨months⁩ ago

    Buying the shares is cheap if the company is worth nothing /goes bankrupt from fines for their environmental breaches

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    • thr0w4w4y2@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

      I’d be happy if that happened.

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