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cthulhucomes t1_iu4elo0 wrote

And yet the Tories - UK Conservative Party - refused and continue to refuse to decouple prices [renewable energy is charged at the same rate as non renewables]… as well as refusing any price cap regulation against price gouging.

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Eaton_Rifles t1_iu61p1f wrote

This is the key issue with this hike in prices.

That and the fact that gas supplies in Europe are at a surplus due to the balmy October and reduced demand.

We should have a price reduction based on the minus price of gas at the moment and wind power contributing so much to the grid, but of course we are still being charged an insane rate purely to give the shareholders a fat dividend.

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Throbbing_Furry_Knot t1_iu64iye wrote

I hate the dividends system. When it's not syphoning money out of the country, then it's strangling growth at a company when the braindead shareholders elect a board with the goal of maximising the dividend they receive instead of reinvesting the profit back into the company for greater long term growth.

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Eaton_Rifles t1_iu66et0 wrote

Yep, 100% this. If those insane profits were being invested in more renewable energy infrastructure to get us away from fossil fuels quicker then great, but to just fuel the wealth divide it’s obscene.

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Kinnell999 t1_iu89rzt wrote

Without dividends there would be no point in investing in a company.

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Throbbing_Furry_Knot t1_iu8kju4 wrote

Really? strange that people would invest in google then, which doesnt pay a dividend, or amazon, which also doesnt pay a dividend.

I'm not completely against dividends, but the leverage shareholders can apply to maximise it is often against the interests of company and country.

A cap of some kind on the percent of profit that can be given out as a dividend, or something akin to that might be ideal, as it would cause more to be reinvested and more money to be kept in the host country.

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Kinnell999 t1_iu8vd9s wrote

The shares only have value because they pay a dividend either now or in the future. If there were no dividend ever there would be no return on your investment because share holders would never receive a share of the profits. Those companies you mention are expected to pay a dividend at some point but aren’t now because they believe that reinvesting in capital will lead to higher dividends in the future.

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willeybrown t1_iu5talj wrote

The situation here in the US is the same. Also, the entire renewable energy field is heavily subsidized by tax payer dollars, both for construction and maintenance. Some might even call it a scam.

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razorxent t1_iu67pkz wrote

You probably mean non-renewable

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leonardoty t1_iu6etbv wrote

No, they meant renewable.
They are wrong, but they meant what they said.

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