Find this content interesting and worth supporting?
Donate to ICIJ. Help us continue investigating important global issues. Gifts made today will be matched up to $10,000.
ICIJ’s investigations are supported by readers like you. If you believe journalism can help bring about positive change, join our ICIJ Insiders community by contributing $3 per month - or more!
Your monthly or annual donation will give you the following benefits.
$3-$14/month (or $35-$179/year)
$15-$49/month (or $180-$599/year)
$50/month and above (or $600/year and above)
ICIJ believes data like this should be public and accessible to everyone.
Donate today
In 2001 and 2002, during his time with WEF, Figueres sat on the board of directors of Energia Global International Ltd., a renewable-energy company incorporated in Bermuda in 1997 with business interests in Central and South America. In 2001, EGI became a subsidiary of Enel SpA when the Italian power company bought it for $73 million, plus $37 million in debt cancellation, according to news reports.
Appleby records show that Figueres’ brother Mariano and Timothy Phillips, an EGI founder and an adviser to former U.S. President Bill Clinton, were company officers. Figueres resigned from EGI’s board of directors with a handwritten note dated December 2001 from Davos, Switzerland, where the WEF holds its annual meeting.
In 2003, the company moved to Delaware from Bermuda because, according to an Appleby note, “[d]ue to changes in tax laws in EU, Bermuda is now classified as a negative tax jurisdiction for Italian shareholders.”
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information. If you find an error in the database please get in touch with us.
ICIJ is an independent nonprofit news organization that brings journalists together to collaborate on critical in-depth global investigations
We depend on the generous support of readers like you to help us expose corruption and hold the powerful to account
Find this content interesting and worth supporting?
Donate to ICIJ. Help us continue investigating important global issues. Gifts made today will be matched up to $10,000.