Tim Yeo's Green Networking in Parliament Pays Off

A whole new can of worms has been opened by the publication of the banqueting and room hirings sponsored by parliamentarians.  For example  Tim Yeo MP is the current Chairman of the Environmental Audit Select Committee, not a surprising position for a former Environment Minister.  In July last year he sponsored an evening event for 150 members of the Environmental Investment Network.  Held in the impressively plush Members’ Dining Room overlooking the Thames, it certainly is a pleasant environment in which to woo and lubricate potential green investors.  Coincidentally Tim is also chairman of a small investment-hungry AIM listed company called AFC Energy plc, who are developing “environmentally friendly fuel cells”.

At the time AFC Energy plc were raising £2 million from  environmental investors, and for each of the following five months AFC Energy paid Tim Yeo £3,750 a month (up to a total of £18,750) until in December when they succeeded in raising the £2m they were seeking from environmental investors in a share placing.  Tim also got a bonus when the shares were placed with investors of 150,000 shares for his work.  All in all he made a total of some £80,000 out of the AFC deal from July when he hosted the Environmental Investment Network event until December when they sold the shares to investors.

Guido is on Newsnight tonight with Tim Yeo and hopefully we’ll get a chance to discuss the propriety of using Parliament’s heavily subsidised public banqueting facilities to entertain people you might in the future have business dealings with.  Private business and public service should not mix easily…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Heather Wheeler talks to Burton Mail about her tweet…

“It was a tongue in cheek pop after the European Parliament tweet – it was purely that. I also wanted to congratulate Team GB on a brilliant result and thirdly congratulate the Commonwealth countries who also did very well. Fourth, I am also looking forwarded to establishing new trade agreements. That was it – nothing more. Let’s just enjoy the summer!”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

“JEREMY, JEREMY, JEREMY” “JEREMY, JEREMY, JEREMY”
FANCY A JOB IN DANCZUK’S OFFICE? FANCY A JOB IN DANCZUK’S OFFICE?
TEAM GB SING NATIONAL ANTHEM ON VICTORY JET HOME TEAM GB SING NATIONAL ANTHEM ON VICTORY JET HOME
HOW BRITISH EMPIRE BEATS EU FOR OLYMPIC MEDALS HOW BRITISH EMPIRE BEATS EU FOR OLYMPIC MEDALS
PRCA Complain to Carolyn Harris Over Lobbyist’s Pass PRCA Complain to Carolyn Harris Over Lobbyist’s Pass
Oily Smith the Devolution Dodger Oily Smith the Devolution Dodger
Times Runs Full Page Ad for “China Heroes” Times Runs Full Page Ad for “China Heroes”
SONG FOR JEREMY SONG FOR JEREMY
DROMEY CUTS SHORT ATTACK ON CORBYN TO GREET CORBYN WARMLY DROMEY CUTS SHORT ATTACK ON CORBYN TO GREET CORBYN WARMLY
LABOUR MP GIVES LOBBYIST PARLIAMENTARY PASS LABOUR MP GIVES LOBBYIST PARLIAMENTARY PASS
BILL ETHERIDGE SPEAKS: “IT’S BEEN HARD TIMES” BILL ETHERIDGE SPEAKS: “IT’S BEEN HARD TIMES”
JAMIE OLIVER’S SUGARY, FATTY ADVERTISING HYPOCRISY JAMIE OLIVER’S SUGARY, FATTY ADVERTISING HYPOCRISY
LABOUR CONFERENCE CRISIS TALKS BREAK DOWN LABOUR CONFERENCE CRISIS TALKS BREAK DOWN
BRUTAL TORY ATTACK AD SAYS LABOUR SOFT ON ISIS BRUTAL TORY ATTACK AD SAYS LABOUR SOFT ON ISIS
CORBYN TO ATTEND MOMENTUM EVENT WITH VILE INTERNET TROLL CORBYN TO ATTEND MOMENTUM EVENT WITH VILE INTERNET TROLL
HOW TO MAKE CANADIAN MINING INTERESTING HOW TO MAKE CANADIAN MINING INTERESTING
TORY REPORT CLEARS FELDMAN AND SHAPPS TORY REPORT CLEARS FELDMAN AND SHAPPS
FIRST PICTURE OF BEARDED GOVE FIRST PICTURE OF BEARDED GOVE
OWEN SMITH: WE NEED TO GET ISIS “ROUND THE TABLE” OWEN SMITH: WE NEED TO GET ISIS “ROUND THE TABLE”
BREITBART BOSS TO RUN TRUMP CAMPAIGN BREITBART BOSS TO RUN TRUMP CAMPAIGN