ENERGY Secretary Miatta Fahnbulleh has been accused of hypocrisy due to her husband’s ties to the oil industry.
Graham Ewen, 47, has worked at UK investment firm North Rock Capital for four years.
It is owned by US finance giant Lighthouse Partners, which last year held shares worth tens of millions in major North American oil and gas producers.
Ms Fahnbulleh’s policy decisions, which also cover Net Zero, have the potential to affect energy share prices worldwide.
And the revelation puts her in the line of fire again after she was criticised last month for sending her children to private school.
Conservative peer Lord Mackinlay said: “The family arrangements of the Energy Secretary are curious.
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“Not only do they seemingly have sufficient family funds to send their children to private school, but we have now discovered her husband works for a group which has profited from fossil fuels.
“As ever with Labour, it’s ‘Do as I say, don’t do as I do.’
“This has a stink of hypocrisy, whilst the rest of us have to bear massive energy prices on the back of her and her predecessor’s failing Net Zero policies.”
Ms Fahnbulleh replaced Ed Miliband when Andy Burnham took over as PM in July.
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Meanwhile, households face the highest energy prices in three years when the Ofgem price cap rises by four per cent next month.
Last night, sources said Mr Ewen did not have a role in the activities of parent company Lighthouse in the US.
The Government said: “The Secretary of State’s interests have been declared in accordance with the process set out in the Ministerial Code.”