A Quote by Jim Ratcliffe
Towards the end of 2005, Ineos acquired Innovene, the petrochemicals arm of BP, for $9 billion. It quadrupled the size of Ineos overnight and brought with it some of the world's largest industrial sites.
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Growing Ineos has been a lot of fun.
We believe Ineos is a refreshing place to work. We believe strongly in employee share ownership.
If you have spent your life building Ineos, and you find yourself in a crisis, you are going to do anything you can to save what you have been building.
PepsiCo is the largest food-and-beverage company in the United States, and the second-largest in the world after Nestle. If PepsiCo were a country, the size of its economy - sixty billion dollars in revenues in 2010 - would put it sixty-sixth in gross national product, between Ecuador and Croatia.
Ineos is a friendly organisation. Very few people leave. It's collegiate. There's not much politics, and we like decent people. We don't like arrogance or bullies.
Dresden? There is not such a place any longer." "I want to point out, that besides Essen, we never actually considered any particular industrial sites as targets. The destruction of industrial sites always was some sort of bonus for us. Our real targets always were the inner cities.
At the beginning of the 20th century, there were less than 3 billion people on the earth, closer to 2 billion. By all measures that we can come up with right now,. with the lifestyle and consumption pattern of the Western industrial civilization, we can probably sustain about 2 billion people on this earth. We already have over 6 billion. China and India are aspiring to come on as industrial nations, aspiring to the lifestyle of the Western world, and it simply can't happen.
When BP was not moving fast enough on claims, we told BP to set aside $20 billion in a fund - managed by an independent third party - to help all those whose lives have been turned upside down by the spill.
We all remember the BP oil disaster in the Gulf of Mexico, the worst oil spill in U.S. history. What is less well known is that BP is claiming a 9.9 billion tax deduction on the money they had to spend cleaning up their own mess and paying for damages they caused. That is absurd.
I grew up in Chicago, but for the last 28 years I've lived in Moscow and London, and am now a British citizen. From 1996 to 2005, my firm, Hermitage Capital, was one of the largest investment advisers in Russia with more than $4 billion invested in Russian stocks.
Some people make their choice on size. I happen to not be a believer in that. I've often said, especially in an industry that's clamoring for growth, if I wanted size, I wouldn't have divested $8 billion of businesses.
Yes, twenty-seven million in slavery is a lot of people, but it is just .0043 percent of the world's population. Yes, $23 billion a year in slave-made products as services is a lot of money but it is exactly what Americans spent on Valentine's Day in 2005. If humans trafficking generates $32 billion in profits annually, that is still a tiny drop in the ocean of the world economy.
You could be worth $2 billion today and a half a billion tomorrow. It doesn't take much for this to disappear overnight.
The tallest building in the world is now in Dubai, the biggest factory in the world is in China, the largest oil refinery is in India, the largest investment fund in the world is in Abu Dhabi, the largest Ferris wheel in the world is in Singapore.
What we do know is that the planet is going from 7 billion people today to 9 billion. More people want to live like us, drive American- size cars, live in an American-size home, and eat American-size Big Macs. What does that mean? It means that energy demand is going to be going up.
Towards the end of the eighteenth century the industrial-financial revolution began.
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