Prince Charles lobbied to change climate policy in a way that caused his estate to profit off its investment in a Bermuda company, Sustainable Forestry Management Ltd., the BBC reports.
The revelation about the prince of Wales came in a 13.4 million document leak known as the Paradise Papers. The International Consortium of Investigative Journalists recently released the documents revealing financial information on the world’s elite, The New York Times reports.
The Paradise Papers revealed that while Prince Charles was lobbying for a rule change to allow “carbon credits” from rainforests to be bought and traded, Charles’s estate invested $113,500 in Sustainable Forestry, according to the BBC.
Duchy of Cambridge ended up tripling its investment. The estate maintains that Charles had nothing to do with the investment and that he has advocated for many climate change policies over decades.
In 2015, Charles gave a speech at University of Cambridge’s Institute for Sustainability Leadership, saying “profound changes” are needed ” if we are to limit climate change, conserve resources and keep ecosystems functioning, while at the same time improving the health and well-being of billions of people.”
The spokesman said Charles is allowed to offer advice on a wide range of subjects, but “it is for others to decide whether to take the advice.”
The former chairman of a government ethics advisory council, Sir Alistair Graham, said the revelation was troubling.
“There’s a conflict of interest between his own investments of the Duchy of Cornwall and what he’s trying to achieve publicly,” Graham told the BBC. “I think it’s unfortunate that somebody of his importance, of his influence, becomes involved in such a serious conflict.”
The documents contain information on other members of the Royal Family, as well. The queen was found to have invested the rough equivalent of $13 million in offshore accounts, which her financial manager said were “fully audited and legitimate,” according to the Independent.
The legitimate investments have not prevented criticisms of the queen’s financial managers, however. Critics claim the managers brought the “monarchy into disrepute” for stashing funds in havens safe from British taxation, the Independent reports.
Read more at Daily Caller
In 1992 Maurice Strong became chairman of Ontario Hydro. First order of business was to buy 30,000 acres of Costa Rican forest on our behalf, as penance for our coal-fired generators. That was when I started reading whatever I could find on the greenhouse effect. It smelled fishy then. A political scam. Canada now has carbon taxes and millions of brainwashed fever believers. Once a tax becomes law, it can only go up but never away.
Prince Chuckie needs to start living in a mud hut as he would force the british to do over this Global Warming Poppycock
A little insider trading by
Bonnie Prince Charlie.
If he did it through any USA stock exchange,
the Royal Retard could be charged with a crime.
Gore’s been doing the same thing, profitably, for years. Where’s his leg irons?
Put to the Rack,Burned at the Stake and Beheaded the punishment Eco-Wackos want for skeptics
The tax dodgers using offshore Bermuda hiding places are certainly an interesting preachy bunch. The bonnie Prince using off shore accounts and promoting self dealing businesses . Say it ain’t so .
Anyone that moves around from castle to castle and had a personal yacht in the family the size of a small destroyer is not really someone to get all preachy about saving the planet .
Climate change advocates claim the only reason that someone would oppose their agenda is receiving money from the oil companies. (By the way, I’m still waiting for my check.) Yet, for someone like Prince Charles to lobby for a climate policy that benefited his own investments is perfectly okay.
I read that BP has donated to The Nature Conservancy and many leading companies donate to these Eco-Wackos and the Audubon Society owning Oil Wells and the Sierra Club having a airliner and Hollywood hypotcrite Robert Redford who opposed oil drilling narrated ads for United Airlines