As Ineos takes first shale gas shipment from US, its CEO Jim Ratcliffe says without fracking UK manufacturing’s future is ‘gloomy’

The billionaire hoping to become Britain’s biggest fracker has said banning shale gas would cement the decline of UK manufacturing, as he brushed off environmental concerns about the hotly disputed energy source.

Speaking as his petrochemicals firm Ineos took delivery of the first ever shipment of shale gas from the US, Jim Ratcliffe addressed Labour’s announcement that it would ban fracking, which he insists could create jobs in some of the party’s former industrial heartlands.

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Source: Guardian Environment