The crisis at Thames Water Ltd. has left the $60 billion market for UK water utility bonds deeply divided. A measure of the dispersion in spreads in the sector has surged over the past few weeks as investors try to separate companies they see as well run, with manageable debt loads, from those that face the most operational and balance sheet issues. The standard deviation almost tripled after reports of a possible temporary nationalization of Thames Water, before settling at around double typical levels, according to data compiled by Bloomberg.
Think of Samanta Jovanovic as a cleantech matchmaker
Samanta Jovanovic is a climate change matchmaker. As executive director of Start Alberta, this 34-year-old Calgarian helps entrepreneurs and investors find each other. This piece is part of a series of profiles highlighting young people across the country who are addressing the climate crisis. These extraordinary humans give me hope. I write these stories to pay it forward.
David Rosenberg: How investors can navigate the global water crisis
With global water demand set to outstrip supply by 40 per cent by 2030, achieving the United Nations’ Sustainable Development Goal 6 (“ensure access to water and sanitation for all”) requires a call for urgent action to resolve the chronic supply-demand imbalance for freshwater resources, particularly as climate change, robust population growth and rising geopolitical tensions work against us in the fight for global water security.