UK Carbon Taxes Threaten Industry Investment Says INEOS Founder ...Middle East

OILPRICE - Economy
UK Carbon Taxes Threaten Industry Investment Says INEOS Founder
source : OILPRICE ( Middle East ) () 88
INEOS founder Sir Jim Ratcliffe has slammed UK net zero policies as unaffordable and claimed carbon taxes are “killing manufacturing”.  The Manchester United co-owner described payments to be made by INEOS’ Grangemouth as part of the UK Emission Trading Scheme (ETS), which puts a financial cost on carbon emissions, as “yet another tax bill” that would prevent investment in green technology.  Ratcliffe claimed that Grangemouth faced a tax bill of £15m due to emissions by petrochemicals infrastructure…

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