Pure, Unadulterated GREED! - The Proof.

Further to my recent post (Pure, unadulterated GREED! 23rd Aug) The article below is proof that the energy companies are in it for the profits for their shareholders.

On the pretence that recent hikes in energy bills are "to remain competitive in a difficult market, whilst worldwide fuel costs are rising and to sustain investment in energy supply links and infrastructure." the following release kind of blows that theory out of the water:

"Research commissioned by the Local Government Association (LGA) revealed that altogether the six biggest (energy) companies paid £1.635 billion in dividends last year - a 19% increase on the 2006 total of £1.378 billion.

LGA acting chairman Sir Jeremy Beecham said the figures demolished claims by the companies that they needed to protect their profits in order to invest in new forms of energy for the future.

"This research torpedoes the energy companies' justification for their profits," he said.

You can read the full article here - MSN - News/Energy

It almost makes you want to dig out your placard from the 1970's/80's and start a protest march. I would, if only the British Apathy Party hadn't taken over.

So I, like the rest of the ripped off consumers of the UK, will just sit back and watch in the hope that someone else starts a protest I can sign up to (perhaps online - so as I don't have to leave the house!)

Well? What are you waiting for? (Yes, but I'm waiting for YOU!)