British firm Ineos accused of bribes and bulldozers approach to fracking

#Energy The company is offering 6% of future shale gas revenues to those sitting on reserves or affected by their extraction

One of Britains biggest industrial firms has been accused of taking a bribes and bulldozers approach to fracking after unveiling a multi-billion pound plan to compensate landowners and local communities affected by its plans to use the controversial drilling technique.

Jim Ratcliffe, the 61-year-old industrialist who founded the chemical giant Ineos, is promising to hand more than 6% of future shale gas revenues to those sitting on the reserves or affected by their extraction, in an effort to replicate efforts in the US where shale gas has created scores of new millionaires. The situation in America contrasts starkly with that of the UK, where efforts to develop the controversial new energy source have been delayed by landowners, environmental groups and the planning system.

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