Everyone in green could use a little gilt.
The Royal Family have secured a lucrative deal that will earn them a 15% royalty from Britain’s massive offshore windpower.
“The purpose of a Civil List was to bring the Monarchy under Parliamentary control. As long as the Monarch depends financially on Parliament, they can be brought to heel if they try to interfere, unconstitutionally, in political debate. A large and inflation-proofed stream of revenue from the Crown Estate removes that constraint.
“By 2020, 6,400 turbines – each one rising 500ft above the sea – are expected to be in operation around the UK coastline. Household energy bills will have to rise to pay for the £75 billion [$118B] expansion, which has been described as one of the biggest engineering projects in recent history.
“Charles seemed enthused….”