Submitted on Wednesday 12th October 2022
Rejected on Monday 17th October 2022
Current status: Rejected
Rejection code: no-action (see below for details)
Cap the obscene profits fossil fuel companies make.
The government should directly cap the ludicrous profits fossil fuel companies are making selling oil, gas and coal.
We pay high energy prices because greedy fossil fuel companies want to make huge profits (Oil profits are over £2.3Bn/ day).
The current solution - a price freeze puts the country (and countless future generations) into debt.
We should cap fossil fuel prices and stop paying for fossil fuel companies' greedy profits.
Profits for retailers (like EON, Octopus etc.) are already capped at 1.9%. The reason our energy bills cost a lot is because fossil fuel companies can charge what they like.
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:
We understand that you are concerned about the profits that some companies are making and the impact of high costs on people. However, we're not exactly sure how you'd want a cap on profits to work, or what that cap should be.
The Government has already introduced an Energy Profits Levy, which imposes additional tax on the profits of oil and gas companies, and we could accept a petition calling for changes to how this works.
You can find out more about the Energy Profits Levy here: www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022
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