Skip to content
Sunday 6 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,831.09
0.00%
DAX
26,046.40
+0.17%
CAC 40
8,278.77
-0.09%
STOXX 50
6,392.93
+0.16%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 18 October 2016 9:07 am

What the frack, Jeremy? Ineos writes huffy letter to Corbyn complaining about Labour policy

By: Natasha Clark

Add as a preferred source on Google

The chief executive of fracking firm Ineos Shale has written to Jeremy Corbyn to complain about the Labour leader's plans to ban the industry if he were elected.

He told Corbyn fracking will create 74,000 jobs in the UK and £33bn of investment, and Labour should be backing it.

The chief exec, Gary Haywood, told Today he was "astounded" that the Labour party, which "would be championing workers' rights, wouldn't be interested in this opportunity".

"What you hear from the Green campaigners is that is a systemic issue, that's just not true," he said. 

"We are very confident we can do this safely and with respect to the environment." 

The firm have licences to frack in Cheshire, the East Midlands and Yorkshire and will be submitting planning applications for sites later this year.

Read more: Opinion on fracking linked to political ideology

Labour responded to the call, saying current plans for fracking could not be made compatible with safeguards needed. Haywood asked to sit down with the Labour team for discussions.

"The UK will continue to import gas… if we import it it is 10 per cent less carbon efficient than if we do it at home," he said.

The policy has received an icy reception since it was first announced last month.

Within the last few weeks Sajid Javid, the communities secretary, gave the green light to fracking sites in Lancashire, which were turned down at first by the council.

Read more: More than 64 per cent of Brits reluctant to buy property near fracking sites

The GMB union was critical of Labour's stance on fracking during the party conference this year, saying the decision was "madness" and that the UK could end up "dependent on regimes fronted by henchmen, hangmen and head-choppers for the gas we need."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Victoria Beckham owed £350,000 by Harvey Nichols

  • Iceland boss Richard Walker vows to set up shop on Falkland Islands

  • Don’t underestimate the free trade agreement Britain just joined

  • As it happened: FTSE 100 wavers as weak housebuilding drives faster construction downturn

  • M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss

More from Morning Wire

  • British Airways travellers hit as 3,000 luggage items stuck in Heathrow 

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Has Reform managed to win over the City?

    Politics
    Nigel Farage speaking at the Reform UK conference, pointing upwards with a confident expression.
  • Jenrick pledges to raise tax-free personal allowance to £15,000

    Politics
    Robert Jenrick speaking at a press conference, addressing current policy issues, wearing a suit and standing behind a podium
  • Beer, kits, hospitality and stadia can take Women’s Super League to greater heights

    Sport Business
    Manchester City Womens Super League champions celebrating with confetti, sparklers, and large screen display 2025/26
  • Virgin Atlantic ends British Airways grip on Team GB partnership

    Sport Business
    Richard Branson with Team GB athletes holding a London to Los Angeles boarding pass by a Virgin Atlantic plane.
  • Dazn National League row: Club in ‘poodles’ rant as owner calls for end to broadcast deal

    Sport Business
    Two people hold black DAZN branded microphones, green field in background. Sports broadcasting, media coverage.
  • Iceland boss Richard Walker vows to set up shop on Falkland Islands

    Retail
    Welcome to the Falkland Islands sign with Stanley harbor and Christ Church Cathedral in background.
  • Farage: Foreign donations row is ‘loose pub talk’

    Economics
    Nigel Farage at a Reform UK conference, gesturing from a podium with the party logo and CONFERENCE 2026 in background
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook