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    Independent: Property owners offered 4% of shale gas revenues

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Ineoschemicals boss Jim Ratcliffe plans to appease Britons with a share in the spoils of his planned fracking projects.

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Independent: Property owners offered 4% of shale gas revenues

Homeowners and landowners in Scotland, Yorkshire and Lancashire could be in for a £2.5bn windfall, according to the chemical billionaire Jim Ratcliffe, who plans to appease Britons with a share in the spoils of his planned fracking projects.

Mr Ratcliffe, founder of chemicals group Ineos and one of Britain’s richest men, hopes to kick-start the exploration for shale gas in the UK by offering home and land owners directly above the shale gas wells 4 per cent of revenues and communities living close to the wells 2 per cent.

The proposal is based on the industry in the United States where individuals get a small slice of the revenue, rather than just limited compensation.

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