Submitted on Wednesday 24th August 2022
Rejected on Friday 26th August 2022
Current status: Rejected
Rejection code: duplicate (see below for details)
Pass law to transfer ownership of energy firms to public by compulsory purchase
Pass law which allows public to buy all energy firms including gas, electric, petroleum, nuclear and distribution networks.
Part fund the public purchase of energy firms with £11.7bn announced as Energy Bill Support Scheme. If viable, further fund from £37bn announced for Cost of Living Assistance.
Energy firms are making huge profits, while public is struggling to make ends meet, and energy costs are set to rise even further.
Guardian reported big oil firms making £200bn/yr (£100bn/6M). Financial Times reported operating earnings of over 40% by distribution networks. In 2016, Competition & Markets Authority suggested that 1.25% margins would provide normal profits, but firms were charging margins of around 4%.
If public owned these firms, then all the profits will flow back to public.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/621719
3.137.174.65 Sat, 16 Nov 2024 01:38:07 +0000
