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 | + | Taylor was also reported (in 2008) as a donor 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 colleagues at [[Shell]] and remain close friends. It is claimed that millionaire Duncan '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 interest, 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 21:06, 26 March 2012
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.
Funding the UK 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 was also reported (in 2008) as a donor 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 colleagues at Shell and remain close friends. It is claimed that millionaire Duncan '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 interest, 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!
Dinner at Downing Street with the Camerons
- See Powerbase page on Downing Street Dinner Guest List published by the government in March 2012
Affiliations
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
