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UK Carbon Taxes Threaten Industry Investment Says INEOS Founder ...Middle East
INEOS founder Sir Jim Ratcliffe has slammed UK net zero policies as unaffordable and claimed carbon taxes are “killing manufacturing”. The Manchester United co-owner described payments to be made by INEOS’ Grangemouth as part of the UK Emission Trading Scheme (ETS), which puts a financial cost on carbon emissions, as “yet another tax bill” that would prevent investment in green technology. Ratcliffe claimed that Grangemouth faced a tax bill of £15m due to emissions by petrochemicals infrastructure…
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