Tim Yeo Quits Lucrative Green Job
MP and CEO Walk From Eco City Following Guido Revelations

Last month Guido revealed that Tim Yeo’s cab-selling company Eco City Vehicles was set to profit from a change in the law agreed by their own CEO Peter Da Costa – yet another conflict of interest from the chairman of the Energy and Climate Change Committee. Following the revelations here and here, Yeo has quit as a director of the company. Da Costa is also standing down. With the lobbying mission accomplished, now Yeo is running for cover…

There has been speculation in recent weeks that No. 10 have become increasingly worried about Yeo’s outside interests, raising questions over whether he could stay as the Energy Select Committee chairman while having such high level interests in green businesses. Some see Yeo’s “man or mouse” attack on the PM was a tanks on lawn warning shot from the golf fan. The loss of his Eco-City job means he’s down over £3,000 per month, but don’t feel too sorry for him – Yeo remains a director of ITI Energy, AFC Energy, Eurotunnel and  chairman of TMO Renewables. Guido will say it once again – just because the conflict of interest is declared, it’s still a conflict of interest.



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GuidoFawkes Quote of the Day

Chuka has been trying to spin the Siemens row:

Chuka Umunna: It’s no different from Sky News quoting a business leader.

Adam Boulton: Except yours says ‘VOTE LABOUR’ at the bottom.

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