By DeSmogUK: The UK likes to brag about its credentials as a global climate leader. But a new DeSmog UK investigation reveals that beneath the green veneer lies some dirty business.
At the centre of it all is the City of London and its junior stock exchange, the Alternative Investment Market (AIM).
DeSmog UK’s new three-part investigative series Empire Oil: London’s Dirty Secret,
lifts the veil on a “boys’ club” that generates wealth for The City
from environmentally damaging activities in politically
unstable regions.
Through detailed analysis of company activity and market data, it exposes how AIM’s
“light touch” regulation and complex offshore company structures create
an opaque corporate environment in which conflicts of interest have
been shown to thrive.
