Words matter. These are the best Jim Ratcliffe Quotes, and they’re great for sharing with your friends.
Shale is one answer to the U.K.’s energy problem, and it has obviously worked extraordinarily well in America.
It would be nice if areas could be revitalised – like places in the U.S. such as Pittsburgh, for example, which have been transformed through shale. There you have shiny cars in a shiny city because of the development of shale in an old industrial heartland.
In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share.
Unions do have a proper role in negotiating for employees and advising employees, but they have to engage with the employer.
There’s no substitute for seeing firsthand a well being drilled.
Growing Ineos has been a lot of fun.
Germany has great skill levels, great infrastructure, high-quality plant. If you go to the U.K., we’re very creative, and we’ve got the language, but energy costs are pretty much the most expensive in the Western world; pensions are pretty expensive, and the skills are significantly below those in Germany and the U.S.
If it’s hemorrhaging cash, you’ve got to do something about it. You can’t live with your head in the sand.
The U.K. is already disadvantaged on the wholesale cost of energy, and then it puts taxes on it. Anybody who’s an energy user is just going to disappear.
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.
If you go to the U.S., you’ve got a huge market, cheap energy, good skills, and pensions are a sensible cost.
While unions did not play a part in my family life when I was being brought up, my early years were most certainly spent in a working-class community.
I think the U.K. would be perfectly successful as a standalone country, part of the European marketplace like Norway and Switzerland but without the expensive E.U. bureaucracy.
Ineos is a friendly organisation. Very few people leave. It’s collegiate. There’s not much politics, and we like decent people. We don’t like arrogance or bullies.
It’s always been hard work for us to manufacture in the U.K. It’s not a particularly profitable place for us.
You can’t have an energy policy that means you can only have a bath when the wind blows.
Towards the end of 2005, Ineos acquired Innovene, the petrochemicals arm of BP, for $9 billion. It quadrupled the size of Ineos overnight and brought with it some of the world’s largest industrial sites.
I’m very cheerful about coming back to the U.K. We increasingly found ourselves gravitating towards London. There was so much going on for our business, and we had grown substantially here.
Brussels has become inefficient and very bureaucratic, which makes it slow to do things. The concept of the United States of Europe will never work.
