Here we go again. It was just yesterday I mentioned Queenie’s tax dodges and Charlie’s Climate Change Hypocrisy. Now here’s the proof that the Crown Prince of Carbon Credits is nothing but a scaremongering profiteer. I repeat what I’ve previously stated: It may not be technically illegal, but as a conflict of interest it is surely unethical. Thankfully the Clown Prince of Profiteering (he’s a clown whichever way you look at it) is now exposed and well and truly caught in the headlight beams of the media juggernaut.
The Queen’s forays into offshore investing may have been the Paradise Papers’ biggest surprise, but in terms of impact they are easily eclipsed by a single, apparently very profitable deal made by Prince Charles.
Leaked documents show that in just one buy-and-sell transaction, the Prince of Wales’s private estate, the Duchy of Cornwall, appears in just over a year to have tripled an estimated $100,000 US investment in an offshore company co-run by one of his closest friends.
Leaked board minutes in the Paradise Papers show that from the purchase, in February 2007, the company, which specializes in carbon offsetting, also committed to treating his stake as a sensitive secret.
All the while, the heir to the British throne continued to publicly promote carbon offsetting — a subject he’s repeatedly spoken about — even as he was invested in it.
None of the new revelations, which show the prince had millions more invested offshore, suggest illegal action. But they raise questions about the rules surrounding conflict of interest where royals are concerned, and, for the second time this week about whether senior royal figures are transparent enough about their sources of income — especially if they’re investing offshore.