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UK Climate and Energy Minister Chris Huhne Financially ‘Insulated’
“Energy and Climate Change Minister Chris Huhne admitted the massive expansion of wind farms across Britain – along with clean coal power stations – will send electricity and gas prices soaring” reports the Daily Mail.
Will massive rises in energy prices affect Mr Huhne’s personal financial situation? It appears that the answer is probably not:
The Independent carried a story on 27 February 2006 alleging that his shareholdings include, or have included, mining companies, oil companies, and tax shelters.
Huhne owns seven houses—five that he purchased just as investments and that he makes money on as rental properties and two in which he lives. (One in Eastleigh, his constituency, and a town house in Clapham, south London): “I have investments in five homes for rent, which is basically my pension fund from my time in the City; and we have two homes we actually use, which is one in Eastleigh and one in London.”
Huhne has erected a wind turbine rising 8 feet above the roof of his constituency home in Eastleigh where he spends his weekends.
His wealth is estimated at £3.5 million.
Huhne is not alone though – 23 out of 29 members of the Tory/Lib Dem coalition cabinet are worth more than £1 million – the £60 million cabinet. Nice to know that they will share the electorate’s financial pain, not!
Read much more at Wikipedia: Chris Huhne
Mail Online: Has any minister in history seemed more hopelessly unfit to do his job?