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Ed Miliband’s Brother David Set to Benefit Financially From Ed’s Net Zero Policies

by Will Jones
30 September 2024 1:41 PM

Ed Miliband’s brother David is being paid by a venture capital outfit that is likely to benefit from his brother’s Net Zero policies, it has emerged. But this conflict of interest has not been publicly declared. David Rose, who did the digging and made the link, has written about his discovery in UnHerd. Here’s an excerpt.

Speaking to Labour Conference last week, Ed Miliband — now the Secretary of State at the Department for Net Zero and Energy Security — pledged to construct an “armoury of clean power” for the United Kingdom, in order to make its electricity system “net zero” by 2030. What he didn’t mention, however, was that his brother is being paid by a venture capital outfit whose profits are likely to increase in the process. …

Just over a decade [after leaving Parliament], David has refashioned himself as a man of virtue: he lives in New York, where he runs International Rescue, a U.S.-based charity that supports people in humanitarian crises. For his services, however, he receives a princely sum. In 2022, he took home a salary of $1,253,728, as well as a bonus of $150,000.

For such a level of remuneration, and with such a workload, one might expect David to be busy with the day job. Yet, for more than four years he has had an additional job: in September 2020, five months after his brother became Shadow Energy Secretary in Sir Keir Starmer’s new shadow cabinet, it was revealed that David had become a paid advisor to Giant Ventures, a London-based venture capital firm that has a particular focus on green technology and energy. Following a series of earlier investments, it recently launched a new “climate focused growth fund” and claims it wants to invest a further $1 billion in “sustainable technologies” by the end of the decade.

All of which may seem perfectly in fitting with David’s form when it comes to juggling multiple jobs. Except for one thing: at least two of the companies Giant Ventures has invested in are likely to prosper as a direct result of decisions made by the new Government. In other words, David now works for a company that stands to profit from climate policies introduced by his brother Ed.

Before and since the election, Ed Miliband has spoken of the need to create a vast energy storage network connected to the national grid — to ensure that, in a renewable energy system, the lights don’t go out when the sun is not shining and there is no wind. Part of this, he has said, will be supplied by arrays of giant batteries. He mentioned them again in his conference speech last week, when he called for the “armoury of clean power”.

Enter Field, a battery power storage firm set up in 2021 by Amit Gudka, one of the co-founders of collapsed energy firm Bulb. Field, with five sites already finished or being built, claims to be ready to meet Miliband’s challenge. And Giant Ventures seems to agree: according to data gathered by finance research experts PitchBook, it invested in Field at its outset in 2021.

Now, it is possible that Ed Miliband was unaware that Field was partly financed by Giant Ventures, although this had already been reported. It is also possible that didn’t know his brother was a member of the Giant Ventures advisory board, though that information was also public.

But that would be puzzling. According to Whitehall’s Ministerial Code, newly appointed ministers must formally declare “all interests that might be thought to give rise to a conflict” with their government post: not only their own, but those of their spouse and “close family members”. They must not only avoid any conflict, but also the “perception” that one might arise. It should have been obvious to Ed Miliband that he had a duty to check his brother’s interests.

This year’s declaration is yet to be published, but both Labour and Conservative former ministers told me that declarations of ministerial interests are usually made immediately after taking office, so that civil servants are aware from the start where conflicts might arise. I asked both the energy department and the Cabinet Office, which is responsible for the list, whether Ed had declared David’s role at Giant Ventures, but both refused to comment. Asked when the next list would be published, all they would say is that this would happen “in due course”.

Worth reading in full.

Tags: Conflict of interestCorruptionDavid MilibandEd MilibandLabourNet Zero

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22 Comments
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Sinor
Sinor
3 years ago

So given this our “gifted” Health Secretary is reducing the capacity of the care system with mandatory stabs with the subsequent NHS knock on in additional bed blocking and post Xmas the same for NHS staff.
I am inspired……..

23
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Hopeless
Hopeless
3 years ago
Reply to  Sinor

Although the number of people inoculated with this stuff is so high, the inevitable concomitant to these figures will be some more lies, hyperbole and the rest which blames it all on the pariah “unvaccinated”. Blatant nonsense, but the Fourth Estate Clown Show will doubtless parrot the Johnson/Javid line.

13
0
stewart
stewart
3 years ago

Which is why I never really understand the idea that we need to protect the NHS from being overwhelmed. The NHS is always overwhelmed.

I think there are simply certain types of patient that are harder to ignore – like someone going into A&E – and having to select those who gets care in time and those who don’t under those circumstances must be tough.

But selecting which cancer patients to prioritise over others ultimately can have the same effect of ones being “saved” and others having their cancers advance. The difference is that they whither away quietly at home, not agonising in a doctor’s face.

The NHS is always overwhelmed.

Last edited 3 years ago by stewart
26
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Annie
Annie
3 years ago
Reply to  stewart

If course. It’s a case of finite resources pursuing infinite demand.
If only the Hell Service were honest enough to make that clear to everybody.

15
0
RickH
RickH
3 years ago
Reply to  Annie

The resources, however, can be managed – they aren’t that finite.

This is long-term political strangulation, and the current crisis is artificially created.

Last edited 3 years ago by RickH
10
-2
186NO
186NO
3 years ago
Reply to  RickH

“Resource” management …..by the current NHS Trust senior management – best of luck with that. IMHO it needs a generational change in the attitude of the UK population to diet, exercise which means a fundamental root and branch cull of the education system. Unless people are able to think clearly and make choices which benefit them in the longer term and understand there ARE finite resources this will not be “fixed”; so that ain’t going to happen.

I don’t think, with respect to my fellow citizens in general, that “giving” them lifestyle choices has helped the NHS in its management of “finite” resources.

Perhaps GP practices should have one Senior GP who has a PhD in Nutrition.. that might be a start….might mean fewer Statin prescriptions.

then I woke up.

0
0
NeilParkin
NeilParkin
3 years ago
Reply to  Annie

It has ceased to be the National Health Service, and become the National Wellness Service, in which we all have to live to 90, and all our cares and worries are managed and medicated, free of charge.

2
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Nessimmersion
Nessimmersion
3 years ago
Reply to  stewart

It will always be overwhelmed by design.
Its proponents & strongest advocates are united in their desire to stop working class Brits ever having a 1st world health system.
Its one of the reasons no other 1st world country has or would contemplate a NHS.
Of course no one will ever look at the comparative success of the German / Dutch/Austrian Japanese etc etc health systems.
Oh no,those are for foreigners.

15
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TheyLiveAndWeLockdown
TheyLiveAndWeLockdown
3 years ago

So biggest mortality since 2009

YET worst waiting list since 2007 Go Lockdown…

A bit obvious which is more harmful now, don’t worry though the MSM won’t bother reporting.

12
0
Alkanet
Alkanet
3 years ago

When will people who have paid all their working lives, or still continue to pay, realise that the NHS isn’t necessarily going to minister to their specific individual health needs and the only solution for those who can afford it (and ironically are prepared as a fee paying private patient still to be subject to illogical masking and testing) is to make other arrangements? If the NHS shut up shop tomorrow most people would fail to notice until they needed something themselves – except from the howls of outrage from the redundant staff and the cult of pan bangers.

15
0
RickH
RickH
3 years ago
Reply to  Alkanet

… and the loud mouths who find that the private sector can’t cope, either, despite the waving of wads of fivers.

Last edited 3 years ago by RickH
2
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Nessimmersion
Nessimmersion
3 years ago
Reply to  RickH

Yep, the channel is jammed with all the dinghies full of Germans, Dutch Austrians, Swiss, frantically trying to escape the piles of dead in their streets with their private hospitals and claiming asylum with the holy NHS.

15
0
TheyLiveAndWeLockdown
TheyLiveAndWeLockdown
3 years ago
Reply to  RickH

I find it odd that you like extortion funded treatment (except for this clot shot).

4
0
gone_loopy
gone_loopy
3 years ago
Reply to  Alkanet

What a load of crap

0
-2
Alkanet
Alkanet
3 years ago
Reply to  gone_loopy

Speaking from personal experience, NHS acknowledged I needed a minor in patient surgery but had no budget for it, despite wasting much administration and postage costs over several months deciding this. Found a private hospital that would do the op at a considerable £cost to me but then they added nearly another £100 for a mandatory covid test so I refused the entire procedure as I don’t have symptoms nor would I present any risks to the masked surgeon and nurses.

12
0
Cecil B
Cecil B
3 years ago

The solution to this is to sack 70,000 staff

23
0
Cecil B
Cecil B
3 years ago

Underwhelming and overwhelmed

12
0
Norman
Norman
3 years ago

Now we know why so many people are dying at home. Sadly there is no vaccine for that.

Last edited 3 years ago by For a fist full of roubles
14
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Cecil B
Cecil B
3 years ago

We need an NHS that is whelmed, not under or over

3
0
TheyLiveAndWeLockdown
TheyLiveAndWeLockdown
3 years ago
Reply to  Cecil B

we don’t need an NHS full stop. It’s crap.

11
0
gone_loopy
gone_loopy
3 years ago
Reply to  TheyLiveAndWeLockdown

this is a joke comment right?

1
-1
TheyLiveAndWeLockdown
TheyLiveAndWeLockdown
3 years ago
Reply to  gone_loopy

Not at all, it’s killed more British people than any other organisation ever.

9
0
martinbritnell83
martinbritnell83
3 years ago

But they’re happy to sack 60,000 nurses…..

4
0
X - In Search of Space
X - In Search of Space
3 years ago

How could they not have had an inkling that in trying to ‘save the NHS’ ….. that exactly this sort of situation lay ahead?

It’s the same in pretty much every sphere – those in charge seem completely myopic. Lemming-like, full speed ahead to the precipice. No concept whatsoever of the irony/hypocricy/naivety/stupidity of their actions. Oh what a diverse harvest we shall reap.

This general sorry state of affairs is like all the grown-ups have left the planet, and we children left behind think we can take care of ourselves. The reality is that it’s a fucking disaster – just little children, completely out of our depth.

8
0
SweetBabyCheeses
SweetBabyCheeses
3 years ago
Reply to  X - In Search of Space

It’s beyond belief that they wouldn’t have known.

1
0
Mike Oxlong
Mike Oxlong
3 years ago

One way of easing the pressure on the Euthanasia Service would be to stop treating foreigners who haven’t paid into the system. I’ve been in the unfortunate position of having to go to A&E twice in the last 5 years and both times I’d say the majority of those waiting to be seen were foreign. And this in a town that has a relatively small ethnic number.

16
-1
Alkanet
Alkanet
3 years ago
Reply to  Mike Oxlong

Yes it’s because they aren’t registered with a GP and go along with often large groups of friends to A&E when they want an antibiotic prescription or even some free aspirins. NHS at fault for not filtering patients properly and sending some away untreated, also because of nanny state not letting chemists sell things over the counter as they do abroad and turning chemist counter assistants into know it alls like surgery receptionists. Easy to rectify shortcomings that the public can see but NHS managers and Health Minister can’t.

10
0
Mike Oxlong
Mike Oxlong
3 years ago

If certain scientists are right, the NHS’ current state of affairs is going to get infinitely worse as the jab is making peoples’ conditions worse – those in cancer remission are finding their cancer is coming back, diabetics having strokes and heart attacks etc etc – all because the jab is designed to kill as many as possible by attacking their immune systems. The shit will really hit the fan long before the mandatory jabs for jobs deadline for frontline NHS workers.

10
0
PatrickF
PatrickF
3 years ago

How about sacking staff, to make the waiting lists longer?

5
0
Markus Skepticus
Markus Skepticus
3 years ago

My mate took this photo while waiting outside A&E. Loads of ambulances parked up, nothing happening with them. Then this one arrived, the driver got out and opened the back doors. It was filled with boxes of crisps and slabs of drinks.

IMG_4417.JPG
17
0
BJs Brain is Missing
BJs Brain is Missing
3 years ago

Okay… So, it makes complete sense then to relieve over 100,000 NHS workers from duty doesn’t it…

7
0
bringbacksanity
bringbacksanity
3 years ago
Reply to  BJs Brain is Missing

Maybe it does if they actually want to find a way to dismantle the f ing thing and sell it to big pharma. NHS sponsored by Pfizer. I can see it.

8
0
isobar
isobar
3 years ago
Reply to  BJs Brain is Missing

In the great of scheme of things towards depopulation and digital ID the government doesn’t care. They are, put simply, the enemy of the people. They live on their salaries and gold plated pensions and we serfs (because that is what we will soon be) suffer. Come the revolution!

7
0
huxleypiggles
huxleypiggles
3 years ago

Comment number 31.

Not one previous comment has acknowledged that the current destruction of the NHS is precisely what government wants.

The aim is a poorly nation, a sick race of people readily manipulated.

Hollowing out health and care services is essential to achieve these aims.

On the back of this wanton destruction all sorts of criminal stunts can be pulled and they won’t end at lockdowns and injections.

Open your eyes.

12
0
kate
kate
3 years ago

Canada now has medical apartheid. The vaccinated and unvaccinated are now legally segregated. Unvaccinated Canadians are second class citizens denied their civil liberties, human rights and Charter freedoms. Did we learn nothing from history?
https://rumble.com/vo38mc-justice-matters-with-john-carpay-medical-apartheid.html

5
0
Cristi.Neagu
Cristi.Neagu
3 years ago

The NHS is overwhelmed with just normal issues and Sajid Javid is going to fire 70,000 staff cause a few people might get the sniffles, despite lack of evidence to support this little brainfart of his… The NHS needs saving, but not from covid.

10
0
Horse
Horse
3 years ago

The NHS crisis is entirely created by policy. Hospitals are struggling because GPs are refusing to see patients so they are going into Casualty or whatever the hell the American term is, to get care. This is at one end. The other end, also caused by Sajid Javid, is that hospitals can’t check older patients out because he sacked all the care workers in the homes, so they can’t take them back.

I’m still puzzling over why an international banking executive has been put in charge of the nation’s healthcare. Must say, he doesn’t seem to be very good at it.

Last edited 3 years ago by Horse
9
0
186NO
186NO
3 years ago
Reply to  Horse

That is what I have seen, admittedly only once in two years when I had to go to A&E recently. But I do know from TOH that hospitals are being put under the most egregious pressure directly from fund holding GP practices not providing care as before ( and not just pre SARS COV2) meaning that people can only go to A&E; I have had that experience very recently, and walked out when told – “8 hour wait mate – you aren’t serious and it might be longer”. That was after my GP practice refused to give me a f2f appointment twice.

Not a scientific or statistically relevant “sample” but this is happening so much it has to be having a bad effect.

0
0
adamsson
adamsson
3 years ago

All these extra heart attacks and strokes at a time when they are forcing everyone to have a drug that causes blood clots.
I wonder if the two could be related?

6
0
maggie may
maggie may
3 years ago
Reply to  adamsson

Well strangely enough back in June, when my neighbour who had had a stroke and major complications and was waiting to come home finally from hospital, the local stroke support team took ages to come round and see what if any extra help they would need in the house because ‘they had never been so busy’. I also wondered if that was due the jab rollout which was in full swing at the time.

2
0
marebobowl
marebobowl
3 years ago

5.8million and growing. And yet my husband has now had 7 phone calls to offer him a booster vaxx. He never received one phone call for his prostrate cancer. And you still think this is about a virus?

4
0
Nobody2021
Nobody2021
3 years ago

Just think how much worse it could have been if we hadn’t stopped all non essential care…

1
0

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