June 11th, 2013

Interim Energy Ctte Chair Sir Robert Smith is Shell Shareholder

Interim chair of the Energy and Climate Change Select Committee Sir Robert Smith isn’t quite as conflicted as his predecessor, but he’s making a good go of it. The LibDem baronet has registrable shareholdings in Shell Transport and Trading. He also took a donation from BP International last year. He has shares in Rio Tinto and Glaxosmithkline.

Guido had not heard of Sir Bob until five minutes ago, but the case for banning committee chairman from having outside interests grows stronger…


89 Comments

  1. 1
    Jon E Bercow says:

    Vested interests, it’s what we do best.

    • 4
      West End Club Owner says:

      Hello Jon

      Could you lend me your wife to do a danse act to help pay off your debts to Lord M?

    • 4
      Daily Express says:

      you really couldn’t make this sh@t up could you.

      is there anyone in parliament that isn’t in receipt of money from vested interests?

      any danger these fuckers could, i dunno, look after our interests for a change?

      radical thought I know.

      • 6
        Jail Them says:

        I really think the time for piano wire is approaching fast

        • 10
          Lord Stansted says:

          I’m a peaceful sort of bloke, but I’m beginning to come to your view. Certainly Parliament does seem a better place than a carpet shop.

          • Lib Dem no cry says:

            Surely LibDem make a big noise when the Government have dealings with big oil companies. Surely they should rescind all memberships of individuals not following in line with their policies.

      • 11
        albacore says:

        Folks fretting about sneaky state Peeping Toms
        Yet blithely ignoring real ticking time-bombs
        Eyes wide closed, folks, gather rosebuds while ye may
        Your Parliament’s immigrating you away

        • 31
          Ah! Monika says:

          I hope you’re keeping these for an Annual.

          Surprised the MSM cartoon page Editors have not made you any offers.

          Keep it up.

          • Tessa Tickles says:

            +1 Definitely!

          • albacore says:

            Nah, there’s no room left for political jokes
            With Parliament taking the piss out of folks
            The market is flooded and saturated
            As with immigration (like I just stated)

          • Daily Express says:

            meanwhile in Soho, 100+ police are raiding a squatted commerical building – a civilian offence – to preemptively arrest and disrupt people who plan to protest against the G8 in London today.

            probably not the highest on the list of people for sympathy on this site, but last time i checked it wasn’t a criminal offence to squat a commercial building and it wasn’t a criminal offence to protest, until such time as your protest crosses the boundaries of the law of course

            so the Met appear to be raiding a building full of people for thinking about doing something that isn’t popular with our politicians.

            policing by consent eh boys.

    • 73
      The Who? says:

      Meet the new boss, same as the old boss..

    • 74
      đŸŒșđŸŒșđŸŒș says:

      oisnot

  2. 2

    Ban all the buggers!

  3. 3
    Big Oil says:

    We bung all the influential ones Guido

    You should know that by now….

    Just like Big Pharma

    It’s in our genes…

  4. 7
    Latimer Alder says:

    A fine appointment no doubt.

    But who the f..k is he? The Herman van Rompuy of Parliament?

    • 19
      An honest Tory says:

      If so he may soon have the honour of being attacked by the Krusty the Klown of the European Parliament – Parker Farage.

      • 26
        it's not me, it's Yeo says:

        It’s a long time since I saw the words ‘honest’ and ‘Tory’ next to each other!

  5. 8

    Odd posting. You cannot be a shareholder in “Shell Transport and Trading” any more. The company is no longer quoted on the Stock Exchange. Perhaps you mean “Royal Dutch Shell” ?

    As a private shareholder I have virtually no influence on any company and although I would rather shares rise than fall that’s in the lap of the Gods. Oil companies like Shell and BP operate globally and the UK is not especially important to them as a trading area. Any decisions of Parliament could conceivably affect Shell or BP profits on the margin but it is highly unlikely that would affect dividends or share prices. I cannot see how Mr Smith could conceivably be conflicted just by holding shares.

    • 14
      Lord Stansted says:

      Would it not depend on how many he held?

    • 30
      Maqboul says:

      It’s been knocked up in the last 5 minutes. Apart from BP (whcih I recently dumped) I hold positions in every one of the other stocks mentioned above. As would anyone else with a decent portfolio.

  6. 9
    Sandra says:

    They are all chin deep in the trough – not an honest public servant amongst them

    Hang the fecking lot.

  7. 12
    James says:

    Virtually everyone who has a pension plan is effectively a shareholder in Shell and/or BP.

    • 22
      An honest Tory says:

      Including, I suspect, Guido. Does this mean he is breaching his own principles by addressing this issue?

      • 32
        Maqboul says:

        He would be if he were on the Committee.

      • 34
        Pavlovs Dog says:

        Guido is an anarchist and as such has no fixed principles. He exposes hypocrisy not poor principle.

        Jesus wept, has anyone been following this.

        • 37
          An honest Tory says:

          Fair point. Although, for the reasons at 15 below, I fail to see the hypocrisy here.

          • Pavlovs Dog says:

            Not sure if Guido even gives a shit any more, but the way I see it, the hypocrisy is taking cash from a major supplier of carbon based energy (BP) whilst posing as someone who is ‘doing good things for the environment’. Some call this outside interests, I call it being a hypocritical cnut. Guido is not a green minded as far as I know, so you are less likely to see this as Guido pointing out hypocrisy. All said and done, this is a good scoop.

          • What is environment? says:

            But that assumes Windmills are good for the environment.

            And there is a lot of science which says they are not.

          • Pavlovs Dog says:

            While PM’s take bungs from energy companies we will never have a government environment policy that people will trust. Trust is the issue. Always will be. Trust creates faith. Faith is essential for stability.

            Capitalism is either falling apart at the seams or alternatively new capitalist thought is that instability and chaos is good for business.

    • 38
      A very Rich Pensioner indeed says:

      Not many have this many shares though.

      (a) greater than 15 per cent of the issued share capital of the company or body; or

      (b) 15 per cent or less of the issued share capital, but greater in value than the current parliamentary salary.

      http://www.publications.parliament.uk/pa/cm201012/cmcode/1885/188504.htm#a12

  8. 13
    Leopard with spots says:

    WikiYeo On 9 June 2013, The Sunday Times alleged……

    Time for an update.

  9. 15
    An honest Tory says:

    A very odd item. Shell are one of the best income options available in an ISA or pension wrapper. To argue that all politicians must avoid using otherwise suitable shareholdings when they hold political office is taking it too far. On this basis I, as a small investor seeking only to build my nestegg for retirement, would be banned from any activity involving energy, utilities and supermarkets – just because they fit my investment needs.

    • 21
      And how many BP shareholders are treated like this? says:

      5. Gifts, benefits and hospitality (UK)

      Name of donor: BP International Limited.

      Address of donor : Chertsey Road, Sunbury on Thames, Middlesex, TW16 7BP

      Amount of donation or nature and value if donation in kind: Ticket to London 2012 Men’s team Gymnastics, with coach transfer and meals at the BP Technology Showcase Exhibition at the Royal Opera House, having a total value £750

      Date of receipt of donation: 30 July 2012

      Date of acceptance of donation: 30 July 2012

      Donor status: company, registration no 542515.

      (Registered 23 August 2012)

      http://www.publications.parliament.uk/pa/cm/cmregmem/130520/smith_robert.htm

      • 23
        An honest Tory says:

        And the relevance of this to the point I made…..?

        • 33
          No such thing as an honest Tory says:
          • An honest Tory says:

            Not the point I addressed. Try again……

          • SP4 BS says:

            You might have made a point about one aspect of the story – shareholding.

            But the other aspect of the story – gifts, donations – is more relevant to any whiff of lobbying.

  10. 16
    Glyn H says:

    Had to Google him, another nonentity Scot who used to be a SODPAL. So another lefty who is quite happy to invest in nasty capitalist business then. And until recently I had not known that Yeo had criticised Gummer!! What a hoot. Every one more a hypocrite that the last! Was that Caan joker a Clegg appointment?

    • 20
      An honest Tory says:

      No. Caan was an Osborne suggestion. Says it all.

    • 36
      Maqboul says:

      Gummer wants to erect mile upon mile of pylons through some of the loveliest valleys in Britain. We should all be criticising him.

      • 78
        neitherdeadnoralive says:

        Pylons… Electricity ????? Fuck that, I’ll just spend the rest of my old age in my hut heated by a peat fire and lit by candles, reminiscing about when I could afford electricity and gas !!!

        • 86
          truth is visual. reality is psychological. says:

          caan shows us the virtue of stroking your chin.
          lower chin to neck….
          .do… feel. improve.
          .
          pdri.
          .
          p is there to guide and support the doctored 1.
          .
          dr who?
          doctored u.
          .
          .dream the ideal p.
          then be him.

  11. 17
    Joe Public & all Voting UKIP.ORG says:

    Just wait until the GE thats looking it will turn into a blood bath as all of
    this stinking effluent are swept from there cosy corrupt self centred
    bubble out of office for good…..the Cons*LieLabor*LebDims will self destruct
    as Joe Public finally uses the Power they have to deal with these
    para*sitic, pim*ps & lee*ches under what ever flag of political convenience
    they hide behind as they pontificate there snake oil charms, which
    is not going to work anymore

    The Times are changing…….

  12. 24
    Hansard writer, getting bored says:

    According to wiki,

    This gentleman does not seem to have done much for the last 25 years

    Apart from being a Limpdem and a Jock (not his fault)

    And he has not done any of the usual Limpdem things to prove their Street Cred

    No Rennardises (I did not have sex with that woman – or even try”), no shirtlifting (ohh), no major expenpes fiddle (ohh) and no children taking freebies (ohh)…

    I think he should wear a kilt at least, without knickers, of course

    To titillate the Parliamentary Floozy…and us….after all he is paid by us to perform…

  13. 25
    • 55
      Carry on lobbying says:

      Good find

      Especially

      “Oil and Gas UK (a not-for-profit organisation) provides administrative support for the group and pays for the group’s annual reception. The UK Petroleum Industry Association provides administrative support for meetings about refineries.”

      This is pure lobbying of the worst kind

      And this Parliamentary group have real influence…

      With too many Jocks in it, of course

  14. 41

    Scotch may have to give up UK passports after poll heraldscotchland

    http://bit.ly/19ksISl

    • 57
      Scotch Eggs says:

      Of course they will have to give UK passports up if they are no longer UK citizens. Just as they will no longer get the BBC, protection from HM forces and UKIP.

      • 69
        Tessa Tickles says:

        Hey, if Alex Salmond gets “independence within the EU” (uhm..), will the Scots have to start driving on the right?

    • 64
      Universal Hiss says:

      So as I’m English living in Scotland does that mean I get two or one or other or none as most of the passport offices have closed.My nearest used to be 45 miles away. It’s now 200!

      I see Mrs.May has been spouting her usual confused rubbish.I’ve yet to hear Eck’s words of wisdom on the subject except to rubbish anything anyone else says.

    • 75
      Bennie Greenhat says:

      Better yet, England will no longer be subject to the attentions of a disproportionate number of Scottish politicians! Bring it on Jockland!

  15. 43
    Mike K. says:

    Any chance we could get someone who’s got shares in Cuadrilla to head it?

  16. 44
    Gorran says:

    I’m not an interested party, but if know about any parties going on I’m always interested

  17. 45
    Ed Miliband, Lord Glasman, Arnie Graf and Luciana Berger says:

    We are the Labour Uber High Command

    We believe in all sorts of vested interests

    Especially the ones that make money for us

    And we believe in the working classes eternally kissing our arses

    Although we would never say it publicly of course

  18. 46
    Anonymous says:

    I suppose you could say he was keeping it “in house” so to speak.

  19. 47
    F says:

    I take your point, but there is an opposite danger to beware of. It is easy to draw up rules that unintentionally (or sometimes intentionally) say that there should be nobody who has previously shown an interest in the topic. We do not want to exclude all those with any knowledge of the energy industry.

  20. 48

    Quis custodiet ipsos custodes?

    G4S, of course.

  21. 49
    david says:

    looks nothing like Peter Lilley!!

  22. 52
    Hypocrisy of the Greens says:

    So the Greens had no problem with Yeo chairing the energy committee as his financial interests were green companies.

    But replace him with a chap who has shares in Big Oil and the Greens go Ballistic.

    • 58
      Big Oil says:

      The Greens are no longer a force to be reckoned with

      They are a spent paper tiger…

      End of story…

    • 62
      SP4 BS says:

      I must say I’ve not listened to any greens.

      The ones I met, many years ago at university: I can’t imagine them having anything nice to say about an old 80s tory like yeo.

      • 67
        Soul sellers says:

        They didn’t say anything. And that’s the point, they were happy to have a capitalist Tory who had large green financial interests chairing the energy committee. They have no principles.

  23. 53
    Yvonne Ridley, traitor says:

    Kill all kuffars!!!!

    • 80
      the base is a square. the square is in a circle. says:

      1111111.1111111
      222222 .222222
      33333 .33333
      4444 .4444
      555 .555
      66 .66
      7 .7
      .

      • 81
        lost in translation. says:

        .

      • 82
        . says:

        the pyramid is in 3d.
        the view is in 2d.
        .
        .
        the journey is as close to 1d as possible.
        close the right eye. and see the “as close to 1d as possible”

        • 83
          be the kind father. says:

          the pyramid is upside down in the mug.
          hold the mug.
          feed the baby thru the tiny needle spot hole under rhe mug.
          .
          .
          .always always stay virginal.
          so the mug becomes the father.

  24. 59
    Nathan Bigjobs says:

    Oh come on Guido, not too sanctimonious now. BP Shell and GSK are the 3rd 4th and 5th biggest companies in the FTSE100, and any decent portfolio is likely to have exposure to them. I’d be surprised if Guido’s pension pot didn’t have a little exposure.

    You can’t ask MPs not to invest. Sure there have to be restrictions, like there are in the financial world, but short of putting their entire wealth into ESCROW while they are in office and making them behave like monks, there’s a limit….

    • 63
      The Facts says:

      Except an MP has to declare a shareholding when it is greater than his annual income or more than 15% of shares in issue, which is considerably more than a single shareholding in most pension pots

      • 88
        Nathan Bigjobs says:

        I’d be impressed if he had more than 15% of any of those. I don’t think he’d bother being an MP then.

  25. 65

    FFS Guido! One does not get to be Great and Good without having a finger in 100′s of pies. In case you haven’t noticed Big Oil has diversified across the fossil and renewable energy markets. Both Shell and BP are shovelling loads-a-money in the direction of the swivel-eyed loons in green clothing because they have a duty to their shareholders to survive and playing the renewables game is part of doing just that.

    I’m more concerned that another Jockanese LimpDick has sidled into a position of power where he can do untold harm to the English whilst covertly supporting the Sweaty Bag o’ Wind who wants to unilaterally tear up the Act of Union.

  26. 70
    No Comment says:
  27. 71
    i don't n eed no doctor says:

    Why is the government running away from the Chilcot report. Why isn’t one nation Miliband asking for the Chilcot report?

  28. 76
    Anonymous says:

    Is there no one from Chevron available?

  29. 77
    Long John Silver's parrot says:

    But if any of us have a pension or tracker savings fund we are shareholders in the Ftse and therefore shareholders in Shell and BP.

    Everyone should be resigning surely

  30. 79

    Interest of conflict!

  31. 89
    surlyscot says:

    be warned – this numpty is another ‘global warming fanatic’ – claimed in an article in a local rag up here that a Met office scientist had confirmed global warming despite the same Met Office putting out a report that there was no ‘global warming’ – in the same vein as the excreable Ed Davey. Notice his principles don’t stop him having shares in an Oil Company – Hypocrites the lot of them!!!


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