British - Businessman | October 18, 1952 -
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
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If you go to the U.S., you've got a huge market, cheap energy, good skills, and pensions are a sensible cost.
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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.
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Do your analysis of energy costs. Either it comes from windmills and solar or things like nuclear and shale gas. You have to think about how you provide competitive energy for U.K. Ltd.
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We believe Ineos is a refreshing place to work. We believe strongly in employee share ownership.
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