Submitted on Friday 26th August 2022
Rejected on Wednesday 31st August 2022
Current status: Rejected
Rejection code: no-action (see below for details)
Fund public to buy 51% of energy firms from £400/each EBSS & 0% loans/guarantee
Fund public to buy 51% of all UK energy firms.
Part fund public buy with £11.7bn as Energy Bill Support Scheme & from £37bn for Cost of Living Assistance. Fund rest with 0% loans to public and gov't loan guarantee.
Change constitution of firms to 1 entity 1 vote no matter how many shares they own.
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 control 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:
Petitions need to call on the Government or Parliament to take a specific action.
We're not sure exactly what you'd like the Government or Parliament to do.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
18.217.194.39 Thu, 25 Apr 2024 12:25:08 +0100
