King Charles IIIis redirecting $1.2 billion in profits from wind farms to the British government instead of the royal family.
Buckingham Palace says that Charles, 74, would like it used for the “wider public good” — especially at a time when many people are finding it hard to make ends meet as fuel and heating and food costs rise.
King Charles.Andrew Milligan/WPA Pool/Getty Images
“In view of the offshore energy windfall, The Keeper of the Privy Purse [Sir Michael Stevens] has written to the Prime Minister and Chancellor to share The King’s wish that this windfall be directed for wider public good, rather than to the Sovereign Grant, through an appropriate reduction in the proportion of Crown Estate surplus that funds the Sovereign Grant,” a palace spokesperson said in a statement on Thursday.
The Sovereign Grant, which is comprised of public funds given to the royals to pay for their official duties (such as travel for official outings and tours and the upkeep of royal palaces), is linked to the Crown Estate profits.
The Crown Estate, which owns the seabed surrounding the U.K., expects that the six windfarms will generate $1.2 billion a year. It is hoped the wind farms will eventually generate enough electricity to power seven million homes.
King Charles.Joe Giddens/PA Images via Getty
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The news comes as Charles and senior royal family members have stepped out this week for their first public outings since the publication of Prince Harry’s memoirSpare. Reflecting on what inspired him to put pen to paper,Prince HarrytoldPEOPLE last weekthat he wroteSpareas part of his “mental health journey.”
‘Spare’ cover.PENGUIN RANDOM HOUSE
Kate MiddletonandPrince Williamtraveled to Liverpool last week andhave stepped outthis week too,keeping in touch with their causesand interests, whileQueen Camillaundertook her first in-person engagement in Aberdeen, Scotland, on Wednesday.
source: people.com
