Posted by: westlancashirerecord | September 25, 2016

Ineos Finds People In Favour Of Fracking!

The Guardian reported that the British billionaire Jim Ratcliffe is the first foreigner to be awarded the 2016 ICIS Kavaler Award, which he received at the Metropolitan Club in New York last week. Given by leaders in the chemical industry it comes as Ineos ineos the chemicals company he founded, plans to bring fracking, the controversial oil and gas extraction process, back to the UK. The award is for Profitability/shareholder value; Mergers and acquisitions (deals or integration); Projects/capital investment; and Innovation technology, product, business process with an impact on industry and society. Well Ineos certainly does that?

Ineos is planning as many as 30 applications for fracking sites in the UK within the next year. As part of its campaign to win over critics, Ineos invited journalists to tour fracking sites in Pennsylvania operated by Consol, a Pittsburgh-based producer of natural gas and coal and, supposedly, an example frackflame of why fracking will be good for the UK.

Ineos claims it has discussed the technique and the potential of its plan with 403 local parish councils, all the local councils on its 1million licenced acres. At INEOS community events “55% of people have been in favour of shale gas development with 15-20% neutral” according to company surveys.

Development companies always seem to have positive surveys and quite often £billionaires as owners too…strange!


Responses

  1. Fingers crossed for a Labour government in 2020 (but most likely before) that will make fracking illegal.


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