At Least A Dozen Members Of House Of Lords Investors In Russian/Russian Partner Energy Companies

[hatrack]

EDIT

Peers also have stakes in lesser-known fossil fuel companies. Former Conservative Party leader Michael Howard lists joint shares with his wife in JKX, a UK-based hydrocarbon company operating primarily in Russia and Ukraine. Howard, who joined the Lords in 2010, also lists shares in companies linked to Russian individuals, including Soma Oil and Gas (now known as Coastline Exploration). He previously chaired the company, which is backed by Russian oligarch Alexander Djaparidze.

The Lords’ register also reveals that Labour peer and the shadow justice minister Lord Ponsonby, a former petroleum engineer, sits on the board of two oil exploration companies active in Russia. Ponsonby chairs the board of the Eastsib Holding Group, which owns several geological exploration companies operating in the Russian Federation. Ponsonby is also a board member for RNG Joint Stock Company, an international oil and gas exploration company which is headquartered in Moscow. He was previously on the board of private Russian oil and gas company Rosneftegaz.

Some members of the Lords have expressed their strong support for Ukraine, despite their ties to Russian interests. Lord Ponsonby addressed the House of Lords on the crisis this week, with a plea for the Government “to ameliorate the situation of our friends and comrades in Ukraine in their hour of need’ and urged the House they should do “everything we can to support refugees”.

Ponsonby did not respond to DeSmog’s request for comment.

EDIT

https://www.desmog.com/2022/03/04/peers-urged-to-sell-shares-in-russian-fossil-fuel-companies/

[Irish_Dem]

1. Putin owns quite a few political leaders in the western democracies.

And a good chunk of their media as well.