Ineos founder Sir Jim Ratcliffe criticizes UK economic decline and tax regime, warning that delaying North Sea oil and gas licensing risks winter gas shortages. He labels current energy policy as 'insanity'. The comments highlight significant regulatory headwinds for the UK upstream energy sector. Potential restrictions on new licenses could tighten domestic supply, affecting downstream chemical and industrial consumers reliant on stable gas prices. For Ineos, which operates significant petrochemical assets in the UK, policy uncertainty poses operational risks. Continued advocacy suggests alignment with industry calls for deregulation to maintain competitiveness against global peers.
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Ineos founder Sir Jim Ratcliffe criticized the UK's economic decline and tax regime, warning that failing to license new North Sea oil and gas fields could lead to winter gas shortages. He described t
Ineos Chairman Jim Ratcliffe urged the EU to implement safeguards against Chinese petrochemical dumping, citing overcapacity and unsustainable prices driving European plant closures. He called for imm
Ineos Chairman Jim Ratcliffe supports abolishing UK carbon taxes to restore industrial competitiveness and ensure energy security. He argues energy independence and affordability must precede green tr
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