Difference between revisions of "Ian Taylor (British businessman)"
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In 2008, Taylor is reported to have donated more that £50,000 to [[David Cameron]], which automatically includes him as a member of Cameron's [[Leaders Group]] where he has the opportunity to meet the Tory leader in person through meetings and events<ref>''Dispatches'' 'Cameron's Money Men' Channel 4 Production. 29th September 2008</ref>. | In 2008, Taylor is reported to have donated more that £50,000 to [[David Cameron]], which automatically includes him as a member of Cameron's [[Leaders Group]] where he has the opportunity to meet the Tory leader in person through meetings and events<ref>''Dispatches'' 'Cameron's Money Men' Channel 4 Production. 29th September 2008</ref>. | ||
| − | Taylor is also reported (in 2008) as a donator to [[Alan Duncan]], the Tory Business | + | Taylor is also reported (in 2008) as a donator to [[Alan Duncan]], the Tory Shadow Secretary of State for Business, Enterprise and Regulatory Reform<ref>UK Parliament [http://www.publications.parliament.uk/pa/cm/cmregmem/081203/081203.pdf Register of Interests 2008/2009] Accessed 16th December 2008</ref>. Taylor and Duncan have a long history together since they were collegues at [[Shell]]. Since then they have continued to be close friends. It is claimed that Duncan, who is a millionaire, 'made part of his fortune by brokering a deal between Vitol and Pakistan during the Gulf war'. Duncan's company, [[Harcourt Consultants]], continued to do work for Vitol in Pakistan until around 1997<ref>Barnett, A. & Bright, M. (2001) [http://www.guardian.co.uk/world/2001/jul/01/balkans.warcrimes2 Oil chief paid $1m to warlord'] ''The Guardian''. 1st July 2001. Accessed 16th December 2008</ref>. Donations to Cabinet members from companies that have direct interests in their policy portfolios has been criticised as concealing a conflict of interests, a claim the Tories have regarded as "utter nonsense"<ref>Russell, B. (2008) [http://www.independent.co.uk/news/uk/politics/senior-shadow-cabinet-figures-in-row-over-cash-for-influence-829305.html Senior Shadow Cabinet figures in row over 'cash for influence'] ''The Independent''. 16th May 2008. Accessed 16th December 2008.</ref>. |
With effect of April 2008, Duncan is also on the Board of [[Arawak Energy Ltd]]<ref>Fox Business[http://www.foxbusiness.com/story/markets/industries/energy/arawak-announces-appointment-alan-duncan-mp-board-direcors/ Arawak announces appointment of Alan Duncan MP to the Board of Direcors] ''Fox Business''. 24th April 2008. Accessed 16th December 2008. </ref>which is a 41% owned subsidiary of [[Vitol]] (of which Taylor is President & CEO). In December 2008, Vitol announced its offer to buy Arawak in its entirety through Vitol subsidiary [[Rosco]]<ref>Arawak Energy [http://www.arawakenergy.com/news_01.php?o=10&id=111 Arawak updates shareholders on Rosco offer process] ''Arawak Energy News'. 15th December 2008. Accessed 16th December 2008</ref>. So Duncan, who is Shadow Business Secretary with influence on business policy, benefits financially from Vitol on 2 levels: through personal donations from the company's President & CEO (who also happens to be a close friend) and also through renumeration for his involvement on the Board of its subsidiary. It's hard to imagine how this scenario can present anything but a conflict of interests! | With effect of April 2008, Duncan is also on the Board of [[Arawak Energy Ltd]]<ref>Fox Business[http://www.foxbusiness.com/story/markets/industries/energy/arawak-announces-appointment-alan-duncan-mp-board-direcors/ Arawak announces appointment of Alan Duncan MP to the Board of Direcors] ''Fox Business''. 24th April 2008. Accessed 16th December 2008. </ref>which is a 41% owned subsidiary of [[Vitol]] (of which Taylor is President & CEO). In December 2008, Vitol announced its offer to buy Arawak in its entirety through Vitol subsidiary [[Rosco]]<ref>Arawak Energy [http://www.arawakenergy.com/news_01.php?o=10&id=111 Arawak updates shareholders on Rosco offer process] ''Arawak Energy News'. 15th December 2008. Accessed 16th December 2008</ref>. So Duncan, who is Shadow Business Secretary with influence on business policy, benefits financially from Vitol on 2 levels: through personal donations from the company's President & CEO (who also happens to be a close friend) and also through renumeration for his involvement on the Board of its subsidiary. It's hard to imagine how this scenario can present anything but a conflict of interests! | ||
Revision as of 13:46, 16 December 2008
Contents
Background
Ian Taylor is President and Chief Executive of Vitol a conglomerate of oil and energy companies which he has served for 20 years[1]. Taylor is also reported as a donor to Tory leader David Cameron and Tory Business Secretary Alan Duncan.
Biographical Information
History
Current activities
Funding the Tory Party
In 2008, Taylor is reported to have donated more that £50,000 to David Cameron, which automatically includes him as a member of Cameron's Leaders Group where he has the opportunity to meet the Tory leader in person through meetings and events[2].
Taylor is also reported (in 2008) as a donator to Alan Duncan, the Tory Shadow Secretary of State for Business, Enterprise and Regulatory Reform[3]. Taylor and Duncan have a long history together since they were collegues at Shell. Since then they have continued to be close friends. It is claimed that Duncan, who is a millionaire, 'made part of his fortune by brokering a deal between Vitol and Pakistan during the Gulf war'. Duncan's company, Harcourt Consultants, continued to do work for Vitol in Pakistan until around 1997[4]. Donations to Cabinet members from companies that have direct interests in their policy portfolios has been criticised as concealing a conflict of interests, a claim the Tories have regarded as "utter nonsense"[5].
With effect of April 2008, Duncan is also on the Board of Arawak Energy Ltd[6]which is a 41% owned subsidiary of Vitol (of which Taylor is President & CEO). In December 2008, Vitol announced its offer to buy Arawak in its entirety through Vitol subsidiary Rosco[7]. So Duncan, who is Shadow Business Secretary with influence on business policy, benefits financially from Vitol on 2 levels: through personal donations from the company's President & CEO (who also happens to be a close friend) and also through renumeration for his involvement on the Board of its subsidiary. It's hard to imagine how this scenario can present anything but a conflict of interests!
Views
Affiliations
Publications, Contact, Resources and Notes
Publications
Contact
- Address:
- Phone:
- Email:
- Website:
Resources
Notes
- ↑ Rambert Dance Company Board Members Ian Taylor Accessed 16th December 2008
- ↑ Dispatches 'Cameron's Money Men' Channel 4 Production. 29th September 2008
- ↑ UK Parliament Register of Interests 2008/2009 Accessed 16th December 2008
- ↑ Barnett, A. & Bright, M. (2001) Oil chief paid $1m to warlord' The Guardian. 1st July 2001. Accessed 16th December 2008
- ↑ Russell, B. (2008) Senior Shadow Cabinet figures in row over 'cash for influence' The Independent. 16th May 2008. Accessed 16th December 2008.
- ↑ Fox BusinessArawak announces appointment of Alan Duncan MP to the Board of Direcors Fox Business. 24th April 2008. Accessed 16th December 2008.
- ↑ Arawak Energy Arawak updates shareholders on Rosco offer process Arawak Energy News'. 15th December 2008. Accessed 16th December 2008
