Live Breaking News & Updates on டெக்ஸ்டர் வைட்ஃபீல்ட்
Stay updated with breaking news from டெக்ஸ்டர் வைட்ஃபீல்ட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Siccar Point Energy: Cambo oil field developer hit with criticism for tax haven status thenational.scot - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenational.scot Daily Mail and Mail on Sunday newspapers.
The main developer behind the Cambo oil field is ultimately owned in an offshore tax haven, which could deprive the UK of tens of millions of pounds. ....
Two other wind farms at Aikengall in East Lothian are owned by a company called Community Windpower. According to Companies House, it was controlled by Swiss Renewable Energies based in Jersey until 31 May 2018. Altogether Scotland’s biggest 50 wind farms, ranked by the amount of electricity they are capable of generating, have 31 owners. Just 11 are owned in Scotland by Scottish companies. The remaining owners are in England (12), Spain (10), Norway (8), France (3), Germany (2) and elsewhere. Two Chinese companies, Gingko Tree Investment and Red Rock Power, have stakes in four wind farms. The analysis of wind farm ownership was carried out by renewable energy consultant, Helen Snodin, in conjunction with The Ferret. “The renewable energy sector is unrecognisable from its niche beginnings,” she said. ....
Nearly a third of Scotland’s biggest wind farms have owners with links to offshore tax havens in the Cayman Islands, Luxembourg, Guernsey and Jersey. An investigation by The Ferret has also revealed that 39 of the largest 50 wind farms are ultimately owned outwith Scotland in England, Spain, France, Germany, Norway, China and elsewhere. Campaigners allege that the wind industry’s tax havens have deprived public services of “many millions” of pounds, while boosting private profits. Scotland’s renewable energy wealth is being “looted” by international tax avoiders, and profits “siphoned overseas”, they say. According to experts, wind farm ownership is “opaque” and “secretive”. The “bright green image” promoted by the renewable energy industry is “more a murky shade of grey”, says one. ....