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Deal would result in France’s Suez Group being brought in to manage restructure of water company

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Embattled Thames Water has received a £5bn bid from Covalis Capital that would result in France’s Suez Group being brought in to manage a restructure of the UK’s largest water company.

The infrastructure investor Covalis Capital has submitted a bid for Thames Water, which has been on the verge of collapse for several months as it struggles with a £19bn debt pile.

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26.12.24 09:00

by theguardian.com

UK gambling with climate targets over carbon capture, say campaigners

Potential IPCC rule changes could award planned carbon savings from burning US wood pellets to the exporter, not the importer

The UK government is gambling with its own climate targets on claims that the Drax power plant will create “negative emissions” because new rules could hand the carbon savings to the US, campaigners say.

The owners of the North Yorkshire power plant have promised ministers that a key project to capture the carbon emissions created from burning biomass wood pellets imported from US forests will count as negative emissions in Britain’s carbon accounts.

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