Charles could see which way the wind was blowing. We should follow his lead
Royalties from renewable energy make the King one of the biggest indirect investors in wind farms anywhere in the world. Why? Because the Crown Estate owns Britain’s seabed, which stretches out to 12 nautical miles offshore. The sovereign’s public purse valued these assets at £4.3 billion in 2022 and they are expected to generate £900 million revenues this year.
The Prince of Wind generously indicated last January that he wished the money from the most recent auction of seabed rights to go to the “wider public good”. More precisely, Buckingham Palace said that King Charles’s treasurer, known as the keeper of the privy purse, had written to the prime minister “to share the King’s wish that this windfall be directed for wider public good, rather
