Press Release
Dossier of disgrace exposes the greed and excess of the energy companies
9 September 2008
Ahead of Tony Woodley's speech to the TUC tomorrow (9th September), Unite has compiled a 'dossier of disgrace' exposing the greed and excess of the energy companies and the compelling case for a windfall tax.
Since 2003 gas and electricity companies have increased their profits from £557 million to over £3 billion and raised prices by up to 35% in 2008 alone. But for every 10% increase in energy prices, an extra 400,000 people fall into fuel poverty.
The dossier exposes the huge price hikes, profits and share dividends of the oil and energy utility companies. While the industry spends just £50 million a year combating fuel poverty.
Unite joint general secretary Derek Simpson said, "Winter is approaching and in the coming months low paid families will be forced to switch their heating off because they won't be able to afford the bill."
"The heartless excuses from the energy companies for not fulfilling their social responsibilities have been swallowed hook, line and sinker by the Government. It's time for action, the situation is dire."
Unite, joint general secretary, Tony Woodley said, "The greedy oil companies have made billions and in the next four years they will make an extra £15 billion from the British Public. The Government must intervene and intervene now.
"Our case for a windfall tax is compelling. It is morally right. So I say to the Government, it's time to do the right thing and protect the most vulnerable in society."
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