RMT is accused of ‘breathtaking hypocrisy’ as it emerges union holds almost £1.5m in oil shares, despite its leader Mick Lynch branding BP’s profits ‘obscene’ and calling for energy industry to be nationalised
- RMT union leader Mick Lynch criticised BP over it raking in billions of pounds
- But RMT has shares in BP of £254,000 and a total of £1.5m in oil shares
- It has been accused of ‘breathtaking hypocrisy’ by a Tory MP for these shares
The militant RMT union has been accused of ‘breathtaking hypocrisy’ by an MP for owning £1.5million in oil shares while being an outspoken critic of petrol giant BP.
Union boss Mick Lynch, General Secretary of the Rail, Maritime and Transport, attacked the oil and gas company for raking in billions of pounds – during the cost-of-living crisis and called shareholders actions ‘indefensible’ and ‘obscene’.
However, it can be revealed that the RMT is a shareholder and has £254,000 put into BP and an additional £1.24million shares in other petrol companies like Shell and BHP.
Mr Lynch – who previously stated on record that the energy sector should be nationalised – is currently threatening a three-day all out rail strike in the coming weeks.
The walkouts, the biggest since 1989, threaten to cause chaos for millions, would affect key events such as the Glastonbury music festival, Armed Forces Day and UK athletics championships and have the potential to lead to lights going out in places as freight delivers a lot of the energy supply to power stations.
Mr Lynch – who enjoys more than £124,000-a-year in pay and benefits – today also left open the prospect of coordinated walkouts in order to cause maximum pressure on the government.
Union boss Mick Lynch, General Secretary of the Rail, Maritime and Transport, attacked the oil and gas company for raking in billions of pounds – during the cost-of-living crisis and called shareholders actions ‘indefensible’
However , it can be revealed that the RMT is a shareholder and has £254,000 put into BP and an additional £1.24million shares in other petrol companies
BP’s profits more than doubled to $6.2bn (£5bn) in the first three months of this year, when Mr Lynch said in February; ‘Coming hot on the heels of the Shell announcement these obscene BP profits and shareholder dividends are indefensible while our key workers face crippling energy bills and the economy fails.
‘These figures only serve to illustrate why public ownership and a different national energy strategy is desperately needed.
‘The figures also prove that there is plenty of cash sloshing around these energy giants to invest in jobs, safety and a just transition to a green and sustainable future.’
But the RMT is benefiting from these same profits. The union also has £540,000 shares in Shell and £700,000 in petroleum and mining company BHP.
The union also has £540,000 shares in Shell
And £700,000 in petroleum and mining company BHP – despite the union’s leader previously stating on record that the energy sector should be nationalised
Tory MP Nigel Mills told the Sun: ‘This is breathtaking hypocrisy. They preach about wanting to nationalise the energy sector but have millions invested in these firms.’
An RMT spokesperson said: ‘The RMT invests money in order to grow the union for members. All of this is democratically decided.’
Meanwhile. today, LBC’s Nick Ferrari asked Mr Lynch about comments by Gary Smith, general secretary of the GMB union.
Mr Smith said he would have ‘no problems with coordinating strike action with other unions’, including the RMT, ‘in order to leverage our power’.
Although it is illegal for workers to go on strike in solidarity with others, militants could get around it by different unions walking out over sector-specific issues at the same time, employment lawyers say.
Mr Lynch replied: ‘It would make sense for workers to leverage their power in any campaign because the UK worker needs a pay rise.
‘Profits are up, dividends are up, we’ve had more billionaires than we’ve ever had and the rich have never been richer.
‘While that’s been happening, workers wages have been falling so that’s something that’s got to be addressed and it’s the trade union’s job to address it.’
Source: Read Full Article