Monday, October 25, 2010

Risky Windfall: Prince Charles To Profit From His Green Energy Campaign | The SPPI Blog

Source: UK Mail
by Martin Delgado and Christopher Leake,

The Royal Family have secured a lucrative deal that will earn them tens of millions of pounds from the massive expansion of offshore windfarms. They will net up to £37.5?million extra income every year from the drive for green energy because the seabed within Britain’s territorial waters is owned by the Crown Estate.

Under new measures announced by Chancellor George Osborne last week, the Royals will soon get 15 per cent of the profits from the Estate’s £6?billion property portfolio, rather than the existing Civil List arrangement..... Read full article

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