Tunnelling for money
Aug 26, 2012
Bishop Hill

Christopher Booker has uncovered some important new information about Tim Yeo's financial interests. Until recently Yeo's interests in Eurotunnel looked rather odd next to his array of interests in green businesses. Now the connecting link has been revealed:

Attention has lately been drawn to the declared business interests of both Lord Deben and Mr Yeo – who last year earned more than £200,000, on top of his MP’s salary of £80,000, working for companies mostly involved in “green” energy schemes. The apparent exception was his role as “environmental adviser” to Eurotunnel, by whom he was paid up to £1,000 an hour. But Eurotunnel, it turns out, is planning to run a £220 million “interconnector” power cable through its service tunnel, to provide back-up from French nuclear power stations for the times when our wind turbines don’t supply enough power to the national grid.

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