Reform UK: its anti-Net Zero rhetoric is funded by fossil fuel corporations.

Who’s funding Reform UK’s war on Net Zero? Follow the fossil fuel money

Last Updated: October 1, 2025By

In a political landscape littered with false claims and fearmongering, one thing remains clear: when a party relentlessly attacks climate action, it’s worth asking who’s paying for the megaphone.

Reform UK, led by Nigel Farage and Richard Tice, has branded the UK’s Net Zero targets as “the biggest economic disaster” to hit the country — a claim This Site has challenged, pointing out that Brexit has already caused real, measurable economic damage.

But now let’s go a step further. Why is Reform UK so ferociously anti-Net Zero? Who benefits if Britain abandons its climate commitments?

The short answer: fossil fuel interests.

According to multiple investigations, including from DeSmog and The Guardian, Reform UK has received over £2.3 million since 2019 from donors with major fossil fuel investments or ties to climate denial networks.

That’s a staggering 92 per cent of its known donations.

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Who are the key players?

  • Jeremy Hosking — A financier whose firm, Hosking Partners, had over $134 million tied up in the energy sector (including oil, gas, and coal) as of late 2021. Hosking has poured more than £500,000 into Reform UK.
  • Christopher Harborne — Owner of AML Global, a major aviation fuel supplier, and CEO of Sheriff Global Group, which trades private jets. He’s given £465,000 to Reform.
  • Terence Mordaunt — Former chair of the Global Warming Policy Foundation, a notorious hub of climate science denial. His company, First Corporate Consultants, has given Reform £200,000.

And let’s not forget Richard Tice himself, who has personally donated over £1.1 million and provided £1.4 million in loans through his investment firm.

What’s the agenda?

With this kind of funding behind it, it’s no surprise that Reform UK pushes hard against Net Zero policies.

They call for ramping up oil and gas extraction, slashing environmental protections, and rolling back commitments to cut emissions.

But here’s the key: these positions aren’t about protecting the average British household.

They’re about protecting the profits of fossil fuel investors and industries desperate to keep drilling, pumping, and burning — no matter the cost to the planet or future generations.

What’s at stake?

Dismantling Net Zero policies won’t “save the economy.”

It will lock Britain into a high-cost, high-risk energy future reliant on volatile fossil fuel markets.

It will miss out on clean energy jobs, energy security, and long-term savings from a low-carbon transition.

And it will leave the UK exposed to the escalating impacts of climate change — floods, heatwaves, supply chain disruptions — that carry their own massive economic price tag.

So when Richard Tice rails against Net Zero, remember: he’s not just offering an economic opinion. He’s amplifying the interests of a political movement bankrolled by fossil fuel money.

Ask yourself: who really benefits from scrapping Britain’s climate goals?

(Hint: it’s not you.)

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