Greenpeace Accuses Crown Estate of Profiteering
Greenpeace UK has accused the Crown Estate of "monopoly profiteering" from offshore wind developments.
The Crown Estate should be managing the seabed in the interest of the nation and the common good, not as an asset to be milked for profit and outrageous bonuses.
Greenpeace UK co-executive director Will McCallum stated this, warning of potential legal action unless the public body changes its leasing system.
- The current auction system drives up costs for developers and household energy bills.
- A new round of auctions is expected to attract major energy companies competing for seabed plots.
The Crown Estate manages the monarch's land and property portfolio, owning the UK seabed outside Scotland and earning billions from leasing it for offshore wind projects.
Author's summary: Greenpeace accuses Crown Estate of profiteering.
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