By Paul Homewood
Alternative energy companies run by Just Stop Oil and Labour Party paymaster Dale Vince have collected taxpayer subsidies of around £110 million over the last 20 years. Vince’s company Ecotricity claims it is a “not for dividend” company with its money – “all of it” – going into our mission “to green-up Britain”. But every labourer is worthy of his hire. In Vince’s case, over £43 million (pre-tax) from the company in the form of salary, share buybacks, loans and receipts from the sale of a subsidiary. Some of these payments, it seems, are more tax efficient than paying dividends.
These financial details, and a comprehensive debunking of many of the wild environmental claims Vince has been airing in public media of late, are contained in a recent substack article written by the investigative Net Zero writer David Turver. Over the last 10 years, Vince has given the Labour Party about £1.5 million. Recently the Labour Party said it would ban all new oil and gas drilling, causing widespread concern among its dwindling working class supporters. Vince has also given many hundreds of thousands of pounds to the disruptive Just Stop Oil protesters, whose loutish tactics have led to costly delays on British roads and irritation at major sporting events. Recently, Vince justified his financial largesse by telling the Guardian that “I do want to influence policy doing the things that I do”.
Turver takes a different view on Just Stop Oil, noting that it is “trying to bully us into accepting their worldview without having to bother with minor inconveniences like the ballot box”.
Read the full story here.
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July 9, 2023 at 04:27AM
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