Its all fun and games, till someone loses a legal challenge.

clonard marxist

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RHI scandal: Companies can be named, judge rules - BBC News

RHI scandal: Companies can be named, judge rules

The Renewable Heat Incentive scheme is approximately £490m over budget
Corporate companies in receipt of RHI subsidies can be named by the Department for the Economy, a judge has ruled.
However, details of individuals getting the money can only be revealed after their concerns over the implications of publication are properly considered.
Five hundred boiler owners went to court to stop the publication of their details.
The court heard some were companies, but others were listed as individuals.
Former first minister Arlene Foster set up the The Renewable Heat Incentive (RHI) scheme in 2012 when she was enterprise minister; it was an attempt by the Northern Ireland Executive to increase the creation of heat from renewable sources.
Q&A: What is the RHI scheme?
Political crisis explained
BBC News NI reports on the RHI scheme
But flaws in setting the scheme's subsidy rate left it open to abuse as claimants could earn more cash the more fuel they burned; the lack of cost controls led to an overspend that could cost taxpayers £490m over the next 20 years.
Thursday's snap election was called after a coalition led by Mrs Foster's DUP and Sinn Féin collapsed after deputy first minister Martin McGuinness resigned over Mrs Foster's refusal to step aside during an inquiry into the debacle.
'Media feeding frenzy'
A barrister for the boiler owners claimed there would be a "media feeding frenzy" after the publication of their names and businesses would suffer from the publicity.
However, Mr Justice Deeney said publication of the names would help prevent abuse of the scheme and prevent damage to the economy through "excessive payments".
He highlighted the case of one well-known company which, he said, had earnt £302,000 in subsidy since July 2015 from seven 99kw boilers.
He said there might well be legitimate reasons for that and similar installations and they could be explained to any "inquiry, journalist or member of the public".
A barrister for the department had argued that the "public interest" in stemming the flow of money from the scheme superseded applicants' privacy rights under contract and data protection laws.
The judge ruled that the application for RHI subsidy did not amount to a legally binding contract.
He said the department had the right to vary the terms.
It was claimed by the boiler owners lawyer that a drive by Economy Minister Simon Hamilton to publish the names was an attempt to deflect criticism from the DUP whose "cronies" had allegedly benefitted.
Mr Justice Deeney said the court could not "draw that conclusion".
The court will sit again on Wednesday afternoon to hear an application for a temporary postponement of the effects of the ruling.
 


GDPR

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Why should this be an issue? If you are a company, your accounts are open to public inspection at Companies House and any income stream you receive from any source for your business should be included there.
 

Novos

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In 2014, the Northern Ireland Audit Office revealed that a new hospital in Fermanagh will rack up £488 million (€574m) in interest payments over 30 years due to the ludicrous way it was financed. Despite the almost identical sums to RHI and the far more emotive topic of direct waste to the National Health Service, this was met with little more than a shrug.

Hardly a mention, yet RHI gives the opp for political capital.
 

devonish

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Why should this be an issue? If you are a company, your accounts are open to public inspection at Companies House and any income stream you receive from any source for your business should be included there.
A tad naïve there, companies disclose the minimum amount they can get away with in their published accounts.
 

hollandia

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In 2014, the Northern Ireland Audit Office revealed that a new hospital in Fermanagh will rack up £488 million (€574m) in interest payments over 30 years due to the ludicrous way it was financed. Despite the almost identical sums to RHI and the far more emotive topic of direct waste to the National Health Service, this was met with little more than a shrug.

Hardly a mention, yet RHI gives the opp for political capital.
Quick Look over there!
 

GDPR

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A tad naïve there, companies disclose the minimum amount they can get away with in their published accounts.
Nope, thats a separate issue. In principle, their accounts are not secret.

Nor are govt grants or subsidies.
 

devonish

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Nope, thats a separate issue. In principle, their accounts are not secret.

Nor are govt grants or subsidies.
Never said accounts were secret, just that there quite often is not a lot of detail particularly for smaller companies. Grants probably included within "other income" or within total income, not separately identifiable.
 

Marcella

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In 2014, the Northern Ireland Audit Office revealed that a new hospital in Fermanagh will rack up £488 million (€574m) in interest payments over 30 years due to the ludicrous way it was financed. Despite the almost identical sums to RHI and the far more emotive topic of direct waste to the National Health Service, this was met with little more than a shrug.

Hardly a mention, yet RHI gives the opp for political capital.
If instead of actually building the hospital it was decided to burn the money then yes, it would have been comparable to RHI.
 

Enigma Variations

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Quick Look over there!
If instead of actually building the hospital it was decided to burn the money then yes, it would have been comparable to RHI.
UUP minister Michael McGimpsey signed off on the SWAH funding in May 2009 which was raised by a Private Finance Initiative, by the way.
Work to begin on £270m PFI hospital for Enniskillen | Public Finance

A £270m Private Finance Initiative hospital for Enniskillen in Northern Ireland has been signed off following months of difficulties in getting funding finalised.
Health Minister Michael McGimpsey said that work on the project would begin on site ‘immediately’. He added: ‘Considering the complexities associated with this process and the ongoing economic difficulties, it is extremely satisfying to see the efforts of everyone involved coming to this key stage.
However as there was there clearly no provision for it in the annual block grant, the money needed to be borrowed from somewhere, so unless someone can prove that McGimpsey and his team might have borrowed elsewhere at a lower rate of interest, suggesting that there is any sort of equivalence between this and RHI is ludicrous. It is rather like suggesting to someone that taking out a 30 year mortgage to buy their own home doesn't make financial sense because of the huge amount they will pay out in interest over the lifetime of the loan.
 

theloner

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Let's speaketh of RHI no more. Election is all but over.
 

Covenanter

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Let's speaketh of RHI no more. Election is all but over.
All the Sinners who benefited can safely come out of the woodwork now.
 

Cynicist

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All the Sinners who benefited can safely come out of the woodwork now.
Dungannon farmer is biggest RHI claimant with 13 boilers running


Paul Hobson's poultry farm in Dungannon, Co Tyrone, has a record 13 RHI-funded wood pellet boilers. The details are included in the list of RHI grant recipients published by the Department for the Economy yesterday.

The Department for the Economy figures show that Mr Hobson has received £659,540 from his 13 boilers up to February 28, 2017, making him the largest recipient of RHI grants and the one with the largest number of boilers.
His farm is on target to receive a combined total of over £2.5m in grants throughout the duration of the green energy scheme.
Mr Hobson's boilers were installed in 2013 and 2014, before the big rush to sign up in 2015.

The Department of Agriculture used his farm as a successful example to other farmers interested in RHI.

Dungannon farmer is biggest RHI claimant with 13 boilers running - BelfastTelegraph.co.uk

That is called diversified farming and calls for great insight and forward planning.

Wonder if Arlene personally 'knows' this successful entrepeneure and if there has been any pay-back to the DUPes.
 


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