Why Tim Yeo is Really Upset About Green Cuts

Guido’s old adversary Tim Yeo has been flying the green flag once again this morning, laying into George Osborne for failing to back renewable energy. Yeo sided with Energy Secretary Ed Davey in his dispute with the Treasury: “They are working particularly to target some Conservative backbenchers, pursuing a policy designed to prove that they are not going to get into so-called costly green initiatives. It is extraordinary.”

Rather more extraordinary is the vast amount of money Tim rakes in from his personal investments in green companies. In the past twelve months Yeo has made over £60k as chairman of TMO Renewables, a company which develops and supplies technology for second generation biofuels. He is also chair of AFC Energy, an alkaline fuel cell technology that pays him over £50k per year. Guido has visited this before:

Given that Yeo makes over £100,000 each year from private green investments, using his role  to lobby on behalf of the industry for subsidies represents a serious conflict of interest. This is the Chairman of the Energy Select Committee.  Replace the words “green” with “oil”…




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Quote of the Day

Boris on being scolded at the Munich Security Conference on Friday, for using the term “liberation” to describe Britain’s exit from the EU bloc…

“Come on, I have to say, I hesitate to accuse you of pomposity, but the word liberation clearly means… it’s etymologically equivalent to being freed, and it’s an undeniable fact that we, the U.K., has been unable to do, to run its own trade policy for 44 years. I want to reclaim the English language, if I may…”

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