Filed under: democracy, environment, peak oil, politics | Tags: activism, bills, bp, campaign, compass, economy, gas, injustice, oil, petition, profits, renewables, uk
Compass starts a very sensible campaign – read more here and sign the petition…
Rising energy and fuel prices are affecting everyone but its the poorest and those on fixed incomes who are paying the heaviest price. The warm summer weather will not mask the anxiety and anger at dramatically rising bills for the essentials of life – light and heat. We believe that the moment is right for the government to levy a sensible one off windfall tax to guarantee social and environmental justice both now and in the future. This is why.
The average annual spend on domestic energy per household has now breached £1200. Since 2000 we have faced gas price rises of 100% and electricity price rises of 61% – with further increases including British Gas raising its gas bills by a record 35%. Simultaneously the main energy providers have seen their profits rise from £557 million in 2003 to now over £3 billion. This alongside the recent news of profits made by oil companies – BP is now making £37 million a day with a 23% increase in profits to £6.7 billion for the first 6 months of 2008.
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