Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ryanair hands O’Leary six-year extension

      Michael OLeary speaking at a Ryanair press conference, dressed in a suit, discussing the airlines latest business updates

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      F*** f*** f***: Tennis star Moutet fined £4k per F-bomb for Queen’s Club outburst on BBC

      News article image with diverse professionals in a corporate meeting discussing business strategy and innovation trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
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

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

  • City investors raise alarm on Burnham’s Chancellor pick

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

More from CityAM

  • London local elections 2026: Who will win in the borough of Islington?

    London
    Londoners casting votes in a local election at a polling station, showcasing democracy in action amidst a bustling city en...
  • Burnham rows back on £10bn Waspi women offer

    Politics
    Andy Burnham discusses support for Waspi women, addressing pension injustice in a public speech.
  • London local elections 2026: Who will win in Newham?

    London
    London residents casting votes at polling station during general election, people lined up with ballots, urban backdrop vi...
  • Burnham hints at payout for Waspi women claiming billions

    Politics
    Burnham smiling broadly at a community event, surrounded by enthusiastic supporters, conveying a sense of positivity and u...
  • Labour selects Burnham and Reform UK picks plumber for by-election battle

    Economics
    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • Burnham return attempt ushers new borrowing cost record

    Politics
    Andy Burnham speaking at a public event, wearing a suit, addressing an audience with a focused expression and engaged deme...
  • Electoral reform could destroy the Labour party

    Opinion
    Polling station exterior with voters lining up for local election in a community setting with clear signage and ballot box...
  • Andy Burnham will crumble like a biscuit he can’t even name

    Opinion
    Burnham 1 showcases a bustling cityscape highlighting economic growth and urban development in the region.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies