Sir Jim Ratcliffe, one of Britain's richest men, has launched a scathing attack on Europe's chemicals policies.
Sir Jim Ratcliffe
The heads of major industrial companies want the European Union to cut energy costs and the regulatory burden of green rules to help the region stay competitive as the energy transition accelerates.
Ineos chairman Jim Ratcliffe took aim at UK politicians over what he described as a "total lack" of energy policy, as flows through a key North Sea pipeline tail off by some 40%.
Sir Jim Ratcliffe said the windfall tax raises doubts about upgrades to the Forties Pipeline System.
Sir Jim Ratcliffe’s Ineos has posted net profits of £472 million thanks to the soaring price of oil and gas that has left families unable to heat their homes.