Opposition

Campaigners oppose Ineos Covid bail-out

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Team Ineos introduced before the start of the Tour de Yorkshire in Doncaster, 2 May 2019. Photo: DrillOrDrop

More than 100 campaign groups have urged the UK and Scottish governments not to bail out part of the Ineos group because of losses during the coronavirus outbreak.

Reports earlier this month (The Times, Sky News) suggested that Petroineos, part-owned by Jim Ratcliffe’s Ineos Group, was seeking an emergency government loan that could be as much as £500m.

But an open letter today signed by groups including Talk Fracking, Greenpeace UK, Frack Free United, Food and Water Action Europe and the fashion designer, Dame Vivienne Westwood, asked ministers not to grant any loans to the company.

Petroineos, a joint venture with the Chinese state oil firm, PetroChina, runs refineries at Grangemouth in Falkirk and Lavera, near Marseille in France.

Ineos Upstream, another part of the Ineos group, holds exploration licences across northern England. It has planning permission to drill and test for shale gas at sites in Derbyshire and south Yorkshire.

Dame Vivienne and her son, Joe Corre, said:

“The Prime Minister of the UK and the First Minister of Scotland must prove true climate leadership by not granting any government support to Jim Ratcliffe and Ineos.”

The letter said bail outs or government loans to companies like Petroineos could “not be tolerated” because they contributed “systematically” to climate change and increased plastic pollution:

“Every investment in or support for Ineos would directly fuel the climate and plastics crisis, locking in future instability at a time when investment should be prioritised towards creating secure and sustainable industry.”

The letter described Ineos as the “main driving force” behind the supply chain of fracked gas from the US used by Ineos to produce plastics in Europe.

“The Ineos Dragon Ships crossing the Atlantic emblazoned with the slogan ‘Shale Gas for Europe’ are leaving more than a toxic legacy in Europe — they are fuelling the proliferation of fracking in Pennsylvania, a state that was already struggling with the impacts of oil and gas industry pollution.”

Louise Edge, head of Greenpeace UK’s oceans plastic campaign, said:

“Any support packages for companies must set conditions to protect workers’ rights and high environmental standards, prevent public money from being diverted into the pockets of shareholders, and re-orientate the industry towards meeting the Paris climate agreement.”

  • DrillOrDrop invited Ineos to respond to the letter. This article will be updated with any response.

 

 

 

19 replies »

  1. Hope your treatment proceeds without delay Sara May and is successful.

    Of course the virus may lurk on surfaces and care and attention should be taken to mitigate against that. However, an apple outside of packaging could be contaminated with a virus just the same as a plastic container of apples could be. ADDITIONALLY, lose apples could be contaminated by idiots with other substances who want to blackmail retailers, whilst apples within plastic are more protected from that.

  2. Just a reminder that awful INEOS are making a significant contribution towards fighting COVID.

    From their website….

    “INEOS is producing one million standard and “pocket bottle” hand sanitisers a month at each of its five facilities. Each site was built and operational within ten days. They have supplied hospitals free of charge for the period of the crisis with the public being able to purchase bottles through retailers. The company is already in talks with European retailers.”

    Thank you Jim.

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