Ineos warns that it may be forced to give up fracking plans because the limit for causing earthquakes is too low
Ineos has warned the government that it could destroy mining plans in England.
The petrochemical giant, supported by Britain's richest man, Jim Ratcliffe, argued that the current limit for the magnitude of earthquakes allowed before the mining was stopped – 0.5 on the Richter scale – & # 39; artificially low & # 39; used to be.
At Fracking, a mixture of sand, water and chemicals is pushed underground at high speed to break the rock.
Quake Row: Ineos, run by Britain's richest man, Jim Ratcliffe (photo), stated that the current limit for the magnitude of earthquakes allowed before mining was stopped, & # 39; artificially low & # 39; used to be
This can cause gas or oil to leak out, but this can cause shocks. The minutes of a meeting between Ineos and the industry watchdog, the Oil And Gas Authority, were obtained by the FT through a request for freedom of information.
They showed that Ineos & # 39; strongly believes that a sensible, realistic, scientifically substantiated limit is needed & # 39 ;.
Without a higher limit & # 39; it was strongly alluded to that they are unlikely to request permission to perform fracking & # 39 ;.
A spokesperson for Ineos said the industry & # 39; has stopped to continue & # 39; because the limits have not been revised.