A multimillionaire Brexit donor funding anti-‘net zero’ campaigns is the director of a company with tens of millions of pounds invested in oil and gas, openDemocracy has found.
The revelation comes as chancellor Rishi Sunak is expected to bow to pressure from the motor industry and cut fuel duty in his spring Budget statement on Wednesday.
Investment manager Jeremy Hosking has given millions to political parties including the Conservatives and Nigel Farage’s Brexit Party/Reform UK, as well as Vote Leave. Recently, he has been bankrolling Laurence Fox’s Reclaim Party, which has campaigned against ‘net zero’, and has been linked to a climate denial group.
