Thursday 20 September 2007

Ethical Divestment

Well, what a day. My tipoff to the Scotsman and the Herald two days ago about Stewart Stevenson's possession of £30,000 of shares in ScottishPower is today's front headline of the Scotsman. Stevenson decided to sell the shares last night, after insisting there was no conflict between his role in shaping energy policy and his financial interests in a major energy company which had just won a £200m contract from his ministry in the Scottish Government.

I wonder why only the Scotsman decided to run with this story, as I informed both the Scotsman and Herald news desks of the conflict of interest at the same time. The Scottish Government is still clearly on its honeymoon with the Herald. I would have thought any reporter would leap on a conflict of interest story, whether it be regarding a councillor, MSP, MEP or MP.

In Stevenson's announcement, he says he is to also sell shares in another energy company called Scottish and Southern Energy (SSE). These shares were not disclosed on his register of interests as of yesterday.

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