BRITISH ENERGY BOSSES' BONUSES (EDM263)

BRITISH ENERGY BOSSES' BONUSES

EDM number 263 in 2004-05, proposed by Llew Smith on 01/12/2004.

That this House condemns the unacceptable face of bailing out the bankrupt generator, British Energy, in its plan to offer huge bonuses of over Ãº30 million to senior company directors, equivalent to 14 times their already exorbitant salaries, notes that the biggest fat cats will be the legal firm Clifford Chance, the legal advisers to British Energy, which has earned Ãº26 million, investment banker Citigroup Global Markets at Ãº19 million and public relations firm Financial Dynamics, more than Ãº1 million, if they meet certain targets by 2008; believes Ministers are to blame for this fiasco by agreeing an unnecessary bailout of British energy using taxpayers'money in the first place in 2002, despite objections from many non-governmental organisations, including the Labour Party's own environmental campaign, SERA; agrees with Greenpeace that the public will be appalled by the remuneration offers and that this absurd deal will only perpetuate the view that the British Energy board is out of touch with reality; and calls on the Government to halt any further payments of public money to support the bankrupt British Energy.

This motion has been signed by a total of 40 MPs.

MP	Date	Constituency	Party	Type
Llew Smith	01/12/2004	Blaenau Gwent	Labour	Proposed
Ken Purchase	02/12/2004	Wolverhampton North East	Labour/Co-operative	Signed
Elfyn Llwyd	02/12/2004	Meirionnydd Nant Conwy	Plaid Cymru	Signed
Jeremy Corbyn	02/12/2004	Islington North	Labour	Signed
Harry Barnes	02/12/2004	North East Derbyshire	Labour	Signed
Andrew Stunell	02/12/2004	Hazel Grove	Liberal Democrat	Signed
David Taylor	02/12/2004	North West Leicestershire	Labour Co-operative	Signed
Austin Mitchell	06/12/2004	Great Grimsby	Labour	Signed
Robert Wareing	06/12/2004	Liverpool, West Derby	Labour	Signed
Rudi Vis	06/12/2004	Finchley & Golders Green	Labour	Signed
Mike Hancock	06/12/2004	Portsmouth South	Liberal Democrat	Signed
Bill Etherington	06/12/2004	Sunderland North	Labour	Signed
Huw Edwards	06/12/2004	Monmouth	Labour	Signed
Gregory Campbell	06/12/2004	East Londonderry	DUP	Signed
Annette Brooke	06/12/2004	Mid Dorset & North Poole	Liberal Democrat	Signed
John McDonnell	06/12/2004	Hayes & Harlington	Labour	Signed
Martin Smyth	06/12/2004	Belfast South	UUP	Signed
Bob Russell	06/12/2004	Colchester	Liberal Democrat	Signed
Adam Price	06/12/2004	Carmarthen East & Dinefwr	Plaid Cymru	Signed
Martin Caton	07/12/2004	Gower	Labour	Signed
Richard Younger-Ross	07/12/2004	Teignbridge	Liberal Democrat	Signed
John Austin	07/12/2004	Erith & Thamesmead	Labour	Signed
Terry Lewis	07/12/2004	Worsley	Labour	Signed
Andrew Dismore	07/12/2004	Hendon	Labour	Signed
Marsha Singh	08/12/2004	Bradford West	Labour	Signed
Stephen Hepburn	08/12/2004	Jarrow	Labour	Signed
Lynne Jones	08/12/2004	Birmingham, Selly Oak	Labour	Signed
Ann Cryer	08/12/2004	Keighley	Labour	Signed
David Hamilton	08/12/2004	Midlothian	Labour	Signed
Kevin McNamara	09/12/2004	Kingston upon Hull North	Labour	Signed
Norman Baker	09/12/2004	Lewes	Liberal Democrat	Signed
Alan Simpson	13/12/2004	Nottingham South	Labour	Signed
Annabelle Ewing	13/12/2004	Perth	Scottish National Party	Signed
Janet Dean	13/12/2004	Burton	Labour	Signed
Vincent Cable	13/12/2004	Twickenham	Liberal Democrat	Signed
David Crausby	16/12/2004	Bolton North East	Labour	Signed
John Barrett	10/01/2005	Edinburgh West	Liberal Democrat	Signed
Alice Mahon	11/01/2005	Halifax	Labour	Signed
Kelvin Hopkins	31/01/2005	Luton North	Labour	Signed
Dennis Turner	10/02/2005	Wolverhampton South East	Labour Co-operative	Signed

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