The billionaire boss of a hated fracking company is getting a knighthood

A fracking protest outside the Scottish parliament
Support us and go ad-free

A billionaire businessman accused of “bully boy tactics” over fracking has been given a knighthood in the queen’s birthday honours.

Jim Ratcliffe, founder, CEO, and chair of chemical company Ineos was given the honour [pdf,p3] for ‘services to business and investment’. According to website Drill or Drop, “the Ineos group’s shale gas company, Ineos Upstream, holds more exploration licences than any other oil and gas company onshore in the UK”.

Sir Jim

The Ineos boss can now call himself Sir Jim Ratcliffe:

Read on...

Support us and go ad-free

But Ratcliffe’s elevation has not gone down well with some:

Suing our institutions

These are just a few of the reasons why Ratcliffe’s knighthood has not been universally celebrated:

  • Ineos recently launched a case against the Scottish government claiming that Scotland’s ban on fracking breaches its human rights.
  • Ineos is suing the National Trust over its refusal to allow access for test drilling in Clumber Park in Nottinghamshire.
  • It also took out a wide-ranging interim injunction against anti-fracking protesters in July 2017. The injunction covers eight named locations, as well as Ineos offices and supply chain routes, depots and operations. It is being challenged at the Court of Appeal.
  • In 2013, union members at Ineos’ Grangemouth refinery threatened to strike over the suspension of a union representative. The strike was called off, but Ratcliffe locked workers out of the plant and threatened to close it down. Workers were told that unless they accepted cuts to their terms and conditions and a three-year ban on strikes, they would lose their jobs.
  • In 2016, Ineos announced that it was stopping tea breaks at its Grangemouth plant because they led to “high levels of unproductive time”.

“Bully-boy tactics”

Guy Shrubsole, climate campaigner at Friends of the Earth, has said in relation to Ineos suing the National Trust:

A huge fracking firm suing the National Trust to test for shale gas within the historic Sherwood Forest area will make people wonder what is sacred anymore. The spirit of Robin Hood will be bridling at these bully-boy tactics. INEOS’ fracking activities threaten to industrialise our green and pleasant land and people everywhere will be horrified.

And anti-fracking group Frack Free United told The Canary:

Jim Ratcliffe moved to Switzerland in order to avoid paying a £100M tax bill. It is astounding that this tax-dodging billionaire is being honoured with a knighthood. If Jim Ratcliffe is allowed to frack vast areas of Yorkshire to provide feedstock to make yet more plastic, he will do more damage to the countryside and the oceans than perhaps anyone else in history, calling into question the whole honours system.

Ratcliffe moved Ineos to Switzerland in 2010 and saved £100m a year in tax by doing so. He defended the move, saying:

If you have spent your life building Ineos and you find yourself in a crisis you are going to do anything you can to save what you have been building.

Jim Ratcliffe has got his gong and we may now call him ‘Sir’. But a knighthood is unlikely to make his brand of industrial relations and stifling of dissent any more popular with Britons.

Get Involved!

– Read other articles from The Canary on fracking.

– Stay up to date with fracking news from Drill or Drop?

– Join your local anti-fracking group.

Featured image via Friends of the Earth Scotland/Flickr

Support us and go ad-free

Do your bit for independent journalism

Did you know that less than 1.5% of our readers contribute financially to The Canary? Imagine what we could do if just a few more people joined our movement to achieve a shared vision of a free and fair society where we nurture people and planet.

We need you to help out, if you can.

When you give a monthly amount to fund our work, you are supporting truly independent journalism. We hold power to account and have weathered many attempts to shut us down and silence the counterpoint to the mainstream.

You can count on us for rigorous journalism and fearless opposition to an increasingly fascist government and right wing mainstream media.

In return you get:

  • Advert free reading experience
  • Behind the scenes monthly e-newsletter
  • 20% discount from our shop

 

The Canary Fund us

Comments are closed