MP Peter Lilley has received more than $400,000 in oil company share options
Leo HickmanThe Conservative MP Peter Lilley, one of only three MPs who voted against the Climate Change Act, has received share options worth at least $400,000 from an oil company, Guardian analysis has revealed.
Lilley's links to the oil industry have long been declared by the former cabinet member. But the revelation about the full extent of his financial interests will place him under further scrutiny in his new role as a member of the Commons select committee on energy and climate change, which will be quizzing the energy and climate secretary, Ed Davey, about the energy bill on Tuesday.
Since 2006, Lilley has been a non-executive board member of Tethys Petroleum, a Cayman Islands-based oil and gas company with drilling operations in Kazakhstan, Tajikistan and Uzbekistan. In the register of MPs' financial interests, Lilley has routinely declared that he receives a quarterly payment from Tethys for "attending meetings and advising on business developments". The latest quarterly payment registered by Lilley on 1 October was £11,750 for 30 hours' work, meaning he has received £47,000 over the past year.
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"MP Peter Lilley has received more than $400,000 in oil company share options", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2012. Consulté le 25/09/2023. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/mp-peter-lilley-has-received-more-than-400-000-in-oil-company-share-options