Wednesday, 27 February 2013

Gas and greed

Here's an excellent reason for insulating all homes to the highest standards and developing renewable energy big time, in order to improve our health and wellbeing and cut our dependence on this polluting, pricey fossil fuel and the companies that make such profits from it whilst putting prices up and giving shareholders more: British Gas has reported a rise in profits for 2012 after colder weather led to people using more gas.

Profits from its residential energy supply arm rose 11% from a year earlier to £606m. It said gas consumption had risen by 12%.

But there has been some criticism that the company increased its prices in November when profits were rising.

Centrica, which owns British Gas, reported an adjusted operating profit of £2.7bn for 2012, up 14% from 2011...full BBC story here. More on fossil fuels here, renewable energy here, and energy efficiency here.

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