The UK’s new business secretary, Kwasi Kwarteng, accepted substantial donations from fossil fuel investors and advisers as part of his 2019 general election campaign, despite the government’s commitment to net zero greenhouse gas emissions. Kwarteng was energy minister until earlier this month, when he was promoted to secretary of state for business, energy and industrial strategy. He replaced Alok Sharma, who has now taken full-time responsibility for the UK’s hosting of this year’s UN climate talks, Cop26. In the 2019 election campaign, Kwarteng received £16,000 from companies and individuals with a direct interest in fossil fuels, and a further £4,500 from companies that advise on or facilitate trading in fossil fuels. The donations, according to the MPs’ register of interests, included £7,500 from IPGL, a holding company with a 40% stake in Cluff Energy Africa, a London-based company that prospects for oil in west Africa. IPGL is owned by the former Conservative party treasurer Michael Spencer, and donated £48,000 to Conservative MPs, of whom Kwarteng received the highest single amount.
Guardian 14th Jan 2021 read more »