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Revealed: Energy crisis has made 30 House of Lords members wealthier

Peers stand to make thousands from BP’s bumper profits as British households are told average bills could treble

Revealed: Energy crisis has made 30 House of Lords members wealthier
At least two House of Lords members have investments in four or more gas and oil companies. | PA Images / Alamy Stock Photo
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Investments in energy companies have bagged UK politicians the equivalent of £705,000 since January – even as rising energy bills threaten to push millions more into poverty this winter.

It comes as BP is the latest to announce a windfall from the energy crisis, reporting that its profits in the last quarter have trebled compared to last year.

Thirty peers – 21 of them belonging to the Conservative Party – have seen their shareholdings in oil and gas companies soar in value, analysis by openDemocracy has found.