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U.K. Employers' Association Backs Ineos on Carbon Price Floor

12:04 PM MDT | June 15, 2011 | Ian Young

The head of CBI (London), the U.K. employers' association, has criticized U.K. government plans to introduce a carbon price floor and said that the measure will put too much cost pressure on energy-intensive industries. CBI director general John Cridland, speaking this week at CBI's energy conference, backed recent comments by Ineos CEO Jim Ratcliffe that the plans will threaten the company's chlor-alkali operations in the U.K. "We're already seeing warnings from companies like Ineos that its chlorine plant at Runcorn could become uneconomical under the...

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