Economics

The Leader Of The Frack Takes A Leap In The Dark

The leader of the frack takes a leap in the dark

After much fanfare about its intentions to frack heavily in the UK, Ineos announced its first big deal in the sector this week – the biggest transaction the country’s fledgling shale industry has seen. The Swiss-based chemicals group, controlled by the billionaire Jim Ratcliffe, plans to spend £168m in the next few years drilling for shale…