Bravely fighting those evil big-oil fatcats: Planet-healer Ian Marchant "has received bonuses over the past year worth more than £2 million for delivering record profits, on top of his £840,00 salary"

Warnings over Scottish fuel poverty target as energy chief enjoys £2m bonus | Left Foot Forward

As the chairman of the energy and climate change select committee, Tim Yeo, today called on energy companies to “ditch the Del Boy sales tricks” - as well as pressing suppliers to compensate customers who have been missold gas and electricity packages on their doorstep - new concerns are being raised about the bonus package being awarded to Ian Marchant, chief executive of Scottish and Southern Energy (SSE).

Fuel-poverty-in-ScotlandJust a week after the company announced it would increase prices for household electricity by 11% (average) and household gas by 18% from September, it has now emerged that Mr Marchant has received bonuses over the past year worth more than £2 million for delivering record profits, on top of his £840,00 salary.

Commenting on the announcement, Scottish Labour MP Tom Greatrex was critical of the company, arguing:

“When hard-pressed families are seeing energy bills soar by hundreds of pounds, people will be stunned that this company’s chief executive has seen it fit to pocket an eye-watering bonus.”

Who We Are - Scotland's 2020 Climate [Hoax] Group

The group’s chair Ian Marchant said:

“Climate change and delivering an economy based on securing sustainable energy sources are twin challenges for Scotland's environment, economy and people.
...
“It is fitting that we meet for the first time as the summit in Copenhagen gets under way, as it sends a strong message to that summit, that here in Scotland we are demonstrating leadership and acting positively to deliver the changes that are necessary.

Flashback: Who Owns ‘Big Oil'? Not Who You Think | CNSnews.com

According to a report published in 2007 by Sonecon, an economic advisory firm that analyses U.S. markets and public policy, corporate management owns only 1.5 percent of the U.S. oil and natural gas industry.

The rest is owned by tens of millions of Americans through retirement accounts (14 percent) and pension funds (26 percent). Mutual funds or other firms account for 29.5 percent ownership and individual investors own 23 percent of oil stock holdings.