We believe Labour should commit to putting the Big Six energy companies into public ownership, under democratic control.
The Big Six — British Gas, EDF, npower, E.ON, Scottish Power and SSE – currently profit from contributing to catastrophic climate change while making us pay extortionate energy bills (or else shiver in unheated homes).
Leading climate scientists believe that climate change exceeding 1.5°C is now likely. The government admits that 2.3 million families were living in fuel poverty this winter. At the same time, profits of the Big Six have increased tenfold since 2007.
We need massive investment into renewable energy and new ways of heating homes; and we urgently need to cut fossil fuels out of energy generation.
But doing those things is not profitable – and neither is cutting bills so that everyone can afford to heat their home in winter. For as long as the energy sector is run for private profit instead of social need, people and the climate will suffer.
You do not need to be a Labour Party member to sign this statement