Skip to main content

Posts

Showing posts with the label Scottish Power

Polluted Power

Longannet in Kincardine, run by ScottishPower, was highlighted by international group the Health and Environment Alliance (Heal) as one of Europe's top polluters, according to environmentalists who claim the plant's emissions affect the health of people for hundreds of miles around by belching out thousands of tons of pollutants which travel in the atmosphere.

WWF Scotland said the report showed key health reasons for power providers to move away from coal. WWF Scotland director Lang Banks said the findings were significant. He said: "This study shows there are important health reasons why we need to be ending our reliance on coal especially. It's clear that action is needed today to cut emissions from all existing coal power stations, including Longannet."

The report claimed fumes from coal-fired power stations cause 1600 premature deaths in the UK each year and that the emissions are linked to 18,000 premature deaths in the EU each year. Heal said: "A gro…

A Shocking Reward

The Herald reports that Philip Bowman, who has been chief executive of ScottishPower for 13 months, is in line to receive £4million in cash and shares when it is taken over by Iberdola .

Unlike us mere mortals Bowman's contract with ScottishPower included detailed provisions to protect his financial position in the event of a takeover. The Herald estimates Bowman is entitled to receive a year's salary of £700,000, a bonus of £1,050,000 and £300,000 in lieu of pension contributions. He owns shares worth £1.9million based on the Iberdrola offer.

Bowman previously received £17. 6 million when Allied Domecq was sold to Pernod Ricard .

The Observer newspaper reported that ScottishPower finance director Simon Lowth would also receive a year's salary (£460,000) and a bonus of the same amount if he left following the takeover by Iberdrola. Lowth has shares worth around £2.7million .

Not bad for some , eh , when many are struggling to pay heating and lighting bills ?