‘We’ve not built a reservoir in 30 years’. But you’ve given literally billions in dividends? 🤔🤔🤔🤔🤔🤔 #r4today

They need sustained 3% return to shareholders says the Aussie spin doctor otherwise no sensible person will invest. They clearly did invest when they were sucking the dividends and loan repayments out with abandon. 😡

They've also gone from being an industry which was debt free at the point of privatisation, but mysteriously in hock for £60+bn with little to show for it. If inflation had never jumped, nobody would have noticed.