How To Destroy Industry & Alienate People.10 Sep 2025 20:45
"Sir Jim Ratcliffe’s energy empire has stopped all investment in Britain over Labour’s tax raid on North Sea oil and gas production.
Brian Gilvary, the chairman of the Ineos Energy division, said the company was diverting all spending to the US, and has already recently invested £3bn there.
Ineos was forced to shut down the Grangemouth oil refinery in Scotland this year after 100 years of operation.
The company has also warned that its adjacent Olefins and Polymers (O&P) plant, which manufactures products used by hundreds of UK plastic companies, is also under threat because of high taxes and energy prices."