Jim Ratcliffe, chairman of Ineos, which operates the Grangemouth refinery, has promised to give 6 per cent of revenues to those living above shale gas developments.
This could mean £375 million to be spend on local projects.
As to be expected, the ink has hardly dried when up jumps Lang Banks of WWF Scotland complaining that the size of payments “is a sure sign of how desperate the fossil fuel industry has become”. What a cheek.
He had nothing to say when wind farm developers resorted to financial “bribes” to communities so that the public did not oppose their destructive planning applications so that they, the developers, could reap the eye-watering subsidies for 25 years.
And they allege “the wind is free”.