Here We Yeo Again

Tim Yeo is Chairman of Univent plc, on the board of Eurotunnel and the non-executive chairman of both Eco City Vehicles plc and AFC Energy plc. In his spare time he is an MP.

Yeo came to Guido’s attention back in Feburary when the Parliamentary Room Bookings records were released showing how green-fingered Tim had opened up the parliamentary estate to prospective investors in green technology firms. You may remember what happened when he was confronted about his mixing of politics and business live on Newsnight:

MPs are electing the Chairman of Select Committees for the first time. These vital scrutineers must hold ministers to account. Guess who is front-runner to take Energy and Climate Change? Step forward Tim Yeo.

Yeo’s dealings with AFC Energy are particularly interesting. As Guido reported before;

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.

MPs look set to elect a man completely tied up with an industry that he would be responsible for the checks and balances on. He would need cross party support to get the job. Perhaps members might like to take another look at their favoured candidate.




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

Quote of the Day

Theresa May tells Bercow:

“Mr Speaker-elect, can I congratulate you on your re-election. At least someone got a landslide.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Happy Independence Day! Happy Independence Day!
Sun Cleared by Hospital Sun Cleared by Hospital
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
Corbyn Refuses to Bow to The Queen Corbyn Refuses to Bow to The Queen
McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group McDonnell Repeatedly Backed Far Left ‘Day of Rage’ Group
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Hammond’s “Sound Money” Speech Sadly All Spin Hammond’s “Sound Money” Speech Sadly All Spin
Tommy Robinson Called British Muslims “Enemy Combatants” Tommy Robinson Called British Muslims “Enemy Combatants”
Corbyn Praised at London Hezbollah Rally Corbyn Praised at London Hezbollah Rally
Government Understaffed – Key SpAd Vacancies Up for Grabs Government Understaffed – Key SpAd Vacancies Up for Grabs
Sunday Shows Sunday Shows
Clive Lewis: “Burn Neoliberalism” Clive Lewis: “Burn Neoliberalism”
Corbynista Ultras Involved in Storming Kensington Council Corbynista Ultras Involved in Storming Kensington Council
CCHQ Already Preparing for Next Election CCHQ Already Preparing for Next Election
CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost CCHQ Diverted Resources from ‘Safe Seats’ Tories Lost
Constituent Claims New Labour MP Called Her “Ugly B*tch” Constituent Claims New Labour MP Called Her “Ugly B*tch”
Corbyn vs Blair Corbyn vs Blair
How to Speak Like a Corbynista How to Speak Like a Corbynista