Forty-three members of the House of Lords have a financial stake in the oil and gas industry, prompting accusations of “unethical” conflicts of interest.
Analysis by The Ferret news website shows that 33 of them own shares worth at least £50,000 each, across 19 fossil fuel companies. Ten more have jobs in the sector – advising firms, or acting as chair or director.
Almost one in ten Conservative peers has financial interests in oil and gas. A further 17 peers without political affiliations also have financial interests in the sector, as do three Labour peers. Five of the 43 are Scottish politicians.
