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BRITISH ENERGY BOSSES' BONUSES

EDM (Early Day Motion) 263: tabled on 01 December 2004

Tabled in the 2004-05 session.

This motion has been signed by 40 Members. It has received 1 amendment.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendment to this motion

There has been an amendment submitted to this motion.

View details of the amendment

Motion text

That this House condemns the unacceptable face of bailing out the bankrupt generator, British Energy, in its plan to offer huge bonuses of over ú30 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 ú26 million, investment banker Citigroup Global Markets at ú19 million and public relations firm Financial Dynamics, more than ú1 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.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Cable, Dr Vincent
Liberal Democrat
Signed on 13 December 2004
Twickenham
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 6 December 2004
East Londonderry
Caton, Mr Martin
Labour
Signed on 7 December 2004
Gower
Corbyn, Jeremy
Labour
Signed on 2 December 2004
Islington North
Crausby, Mr David
Labour
Signed on 16 December 2004
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 8 December 2004
Keighley
Dean, Mrs Janet
Labour
Signed on 13 December 2004
Burton
Dismore, Mr Andrew
Labour
Signed on 7 December 2004
Hendon
Edwards, Mr Huw
Labour
Signed on 6 December 2004
Monmouth
Etherington, Bill
Labour
Signed on 6 December 2004
Sunderland North
Ewing, Annabelle
Scottish National Party
Signed on 13 December 2004
Perth
Hamilton, Mr David
Labour
Signed on 8 December 2004
Midlothian
Hancock, Mr Mike
Liberal Democrat
Signed on 6 December 2004
Portsmouth South
Hepburn, Mr Stephen
Labour
Signed on 8 December 2004
Jarrow
Hopkins, Kelvin
Labour
Signed on 31 January 2005
Luton North
Jones, Lynne
Labour
Signed on 8 December 2004
Birmingham, Selly Oak
Lewis, Mr Terry
Labour
Signed on 7 December 2004
Worsley
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 2 December 2004
Meirionnydd Nant Conwy
Mahon, Alice
Labour
Signed on 11 January 2005
Halifax
McDonnell, John
Labour
Signed on 6 December 2004
Hayes and Harlington
McNamara, Mr Kevin
Labour
Signed on 9 December 2004
Kingston upon Hull North
Mitchell, Mr Austin
Labour
Signed on 6 December 2004
Great Grimsby
Price, Adam
Plaid Cymru
Signed on 6 December 2004
Carmarthen East and Dinefwr
Purchase, Mr Ken
Labour
Signed on 2 December 2004
Wolverhampton North East
Russell, Bob
Liberal Democrat
Signed on 6 December 2004
Colchester
Simpson, Alan
Labour
Signed on 13 December 2004
Nottingham South
Singh, Mr Marsha
Labour
Signed on 8 December 2004
Bradford West
Smyth, The Rev Martin
Ulster Unionist Party
Signed on 6 December 2004
Belfast South
Stunell, Andrew
Liberal Democrat
Signed on 2 December 2004
Hazel Grove
Taylor, David
Labour
Signed on 2 December 2004
North West Leicestershire
Turner, Mr Dennis
Labour
Signed on 10 February 2005
Wolverhampton South East
Vis, Dr Rudi
Labour
Signed on 6 December 2004
Finchley and Golders Green
Wareing, Mr Robert N.
Labour
Signed on 6 December 2004
Liverpool, West Derby
Younger-Ross, Richard
Liberal Democrat
Signed on 7 December 2004
Teignbridge

There are no withdrawn signatures for this motion.

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

BRITISH ENERGY BOSSES' BONUSES (Amendment 1)
Labour, Manchester Central
2
signatures
EDM 263A1: tabled on 7 December 2004