Boss of British chemicals giant claims bans on fracking are ‘madness’ and would deprive downtrodden areas in North of England of billions of pounds in investment
'Bans on fracking are ‘madness’ and would deprive downtrodden areas in the North of England of billions of pounds in investment, the boss of a British chemicals giant claims.
Tom Crotty, a director at Ineos, said lucrative licences for shale gas have already begun to create huge investment in the US – and Britain could follow suit.
However, fracking is banned in Scotland, Northern Ireland and Wales and there is growing scepticism of the economic benefits of the process, along with increasing concern about the environmental impact.
Crotty’s comments last night sparked a new row with pressure group Friends of the Earth which complains that a growing body of research is countering claims of widespread benefits.
Guy Shrubsole, a campaigner at the environmental body, said: ‘There’s a lot of hype that the industry has put out there including figures around the number of jobs you could have from shale gas in the future.
‘But we just don’t see there being a significant shale gas industry taking off in the UK that will do anything to dent gas prices for decades.’'
Read more: Boss of British chemicals giant claims bans on fracking are ‘madness’ and would deprive downtrodden areas in North of England of billions of pounds in investment
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