In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share. – Jim Ratcliffe
If you go to the U.S., you’ve got a huge market, cheap energy, good skills, and pensions are a sensible cost. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
Unions do have a proper role in negotiating for employees and advising employees, but they have to engage with the employer. – Jim Ratcliffe
Unions can play a valuable role in large organisations where it is difficult to talk to a thousand people. They can negotiate annual pay awards with management, represent grievance cases, and explain and advise on complicated changes in employment or pension law. – Jim Ratcliffe
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. – Jim Ratcliffe
Shale is one answer to the U.K.’s energy problem, and it has obviously worked extraordinarily well in America. – Jim Ratcliffe
It’s always been hard work for us to manufacture in the U.K. It’s not a particularly profitable place for us. – Jim Ratcliffe
If it’s hemorrhaging cash, you’ve got to do something about it. You can’t live with your head in the sand. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
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. – Jim Ratcliffe
You can’t have an energy policy that means you can only have a bath when the wind blows. – Jim Ratcliffe
It is not necessary, nor appropriate, to sow dissent and misrepresent employees or constantly to threaten industrial action. – Jim Ratcliffe
The Brits are perfectly capable of managing the Brits and don’t need Brussels telling them how to manage things. – Jim Ratcliffe
