People of Chipping Barnet: Theresa Villiers is the kind of MP you DON’T want
Theresa Villiers: she says her failure to declare £70,000 worth of shares in Shell was an “oversight”. Was it really, though? What else has she failed to share?
This is shocking: when she was the government member charged with caring for our environment, Theresa Villiers had £70,000 worth of shares in mass-polluter Shell oil.
She is the MP for Chipping Barnet, where constituents should be outraged that she has been working for the enrichment of that firm (and therefore increased profits for herself) rather than in their interests.
That firm recently announced profits of $5 billion (US), which is admittedly down from the £7.7 billion (UK) it made in the first quarter of 2023. Of that, £6 billion found its way into the bank accounts of shareholders like Ms Villiers.
Shell stock is currently worth around £24 – higher than the £19.41 when Ms Villiers left office as Environment Secretary, so she’s making a bit of a killing.
She says her failure to declare this enormous conflict of interest was an oversight that won’t happen again:
Anna Jones – Theresa Villiers(Tory MP) owned £70k worth of shares in Shell when she was environment secretary, that wasn't declared for 5 years… what do you make of that?
John Glen – "It was an oversight on her part & she'll make sure it doesn't happen again."#KayBurley pic.twitter.com/3ml5oBQkJt
— Haggis_UK 🇬🇧 🇪🇺 (@Haggis_UK) August 11, 2023
The only reason it won’t happen again is that she has been caught red-handed and knows she can’t hide this any more.
What else has she been hiding, though?
It seems clear that there is only one way to keep this woman from lying – call it what it is – about business interests that create conflicts with her duty to the nation.
That is to ensure that she cannot have a job in which such conflicts arise.
If Ms Villiers is more interested in making money for herself than in safeguarding the interests and well-being of the United Kingdom as a whole, then she should be forced back into the private sector.
No doubt she’ll quickly find work with a firm that has profited from UK government policy.
She might do well by sending her CV to Shell.
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I wonder if any Conservative MPs own shares in arms firms. Such firms have been quids in as a result of the war in the Ukraine.
Any holding less than £70,000 does not require disclosure.