British Gas was formed in 1996 by denationalizing the state run gas company.
Since it’s inception, the stock price has increased 1200%
In the past two years BG has raised its prices by first 7% then 17%.
Customer dissatisfaction hovers at 50%
Profits are up 800%.
BG has just signed a large deal to export US fracked gas to the UK and abroad for a large profit. (Sorry, No lowering of US gas prices, or lowering of dependence on foreign energy.)
BG seeks to purchase the formerly national Irish gas company. (Bord Gáis is being sold as part of the new Irish austerity measures to pay off national debt.)
BG is fined (a paltry £1 million) for greenwashing. (actively involved in to promoting the perception that a company’s policies and products are environmentally friendly. They are not.)
BG’s CEO’s annual compensation is $44 million.
BG announced that they are laying off another 850 workers, adding to 110 from earlier this year (10% of workforce) in order to remain competitive in the marketplace.
Margaret Thatcher came repeatedly.