INEOS slams Environmental Audit Committee Report on Fracking

INEOS, one of the world’s largest chemical companies, today hit out at the Environmental Audit Committee’s (EAC) proposal to call a halt to Shale gas development in the UK. The company believes that the EAC has overly focussed on the potential risks rather than the benefits of Shale gas extraction.

You Gov Shale Gas Poll Results

In late September, INEOS announced plans to give 6% of its shale gas revenues to the local community, with 4% going to home & land owners situated above the wells and 2% going to the wider community.