Ineos – Ethically Bankrupt “Empire Of Trash”
Not content with importing shale gas at great cost to U.S communities, Swiss-based petrochemical group Ineos now has the exclusive right to explore for hydrocarbons across 1 million acres of the East Midlands, Cheshire, Scotland & Yorkshire.
Ineos are committed to conducting 700 sq km of invasive seismic surveys and drilling 20 test wells. If allowed to go ahead Ineos and the fracking industry as a whole will be one step closer to drilling 1,000 of wells across the UK.
Although Ineos appear to be a large unassailable multinational it is a business empire constructed out of the pieces that other petro-chemical companies didn’t want – the pieces were paid for by borrowing. That’s why their company propaganda is not only full of stuff about their “technological prowess” but about their skill at handling their finances. Ineos are proud of their ability to juggle with their debt arrangements. It’s also why they are so desperate to get cheap UK feedstock and cheap energy for their chemical operations at Grangemouth and Runcorn. At the core of the Ineos message is the idea of fracking giving us cheap energy. But any gas they manage to extract will be for their use and fracking isn’t cheap. It’s certainly not cheap for the people whose health it damages.
Read the full takedown of Ineos’s Empire Of Trash.
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