You have completely missed out on one of the most important developments in the privatization of water utility debates; the massive criticisms of Thames water and other utilities by regulators. Shareholders (including Macquarie) have been looting dividends instead of investing in infrastructure, resulting in substantial environmental and health damage

https://www.ft.com/content/b121a9e6-0a68-11e7-97d1-5e720a26771b

https://amp.ft.com/content/5413ebf8-24f1-11e7-8691-d5f7e0cd0a16