Government efforts to reduce harmful compounds could boost profits for water utilities and their investors
Hello from New York. Two important climate stories to start: First, the Science Based Targets initiative announced yesterday that chief executive Luiz Amaral would step down for personal reasons. Moral Money readers will remember SBTi and Amaral recently came in for fierce criticism — including from staff members — after the group’s board said companies could use carbon offsets to hit decarbonisation goals.
To put that in perspective, Veolia has said one part per trillion is equivalent to one grain of sand in an Olympic-sized swimming pool. “These stringent new standards will require many utilities to install treatment to come into compliance,” Carsten Prasse, an assistant professor for environmental health and engineering at Johns Hopkins University, told me. “And while the technologies to remediate PFAS exist, the costs can be incredibly high.
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