French energy transition minister Agnès Pannier-Runacher is at the heart of a discreet inheritance scheme linked to hedge funds based in tax havens. Her father, a long-serving Perenco executive, set up a company to donate a €1.2 million investment portfolio to the minister’s children. Campaigners say Pannier-Runacher’s failure to voluntarily declare her involvement could constitute a “conflict of interest” regarding Perenco.