Major electricity providers are directing billions of dollars in excess profits to their shareholders in a move that has some concerned about the impact on both consumers and the climate. A report out this morning from First Union, the Council of Trade Unions and 350 Aotearoa has revealed that the four big 'gentailers' (electricity generator-retailers) have paid out $3.7 billion more in dividends to their shareholders than they have earned in profits. That's an average excess dividend of $459 million a year.

https://thespinoff.co.nz/live-updates/14-11-2022/robertson-hints-at-parade-for-black-ferns-but-no-promises

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