INEOS refinery deadlock gets political in Scotland as workers await fate
As the owners of Scotland’s only oil refinery weigh its future, politicians in Edinburgh are hurriedly trying to save the plant with less than a year to go before a referendum on independence.
By TIM FARRAN
EDINBURGH -- As the owners of Scotlands only oil refinery
weigh its future,
politicians in Edinburgh are hurriedly trying to save the
plant with less than a year to go before a referendum on
The Scottish government said it was seeking overseas buyers
for the Grangemouth facility after talks reached a stalemate
between labor union Unite and Ineos Group Holdings.
First Minister Alex Salmond left his Scottish National
Partys annual conference in Perth at the weekend in an
attempt to broker a deal. Ineos said it was shutting down
output at the site.
The loss of the refinery
would raise questions
about the security of supply, Alex Kemp, an economics
professor at Aberdeen University and author of a history of
North Sea oil, said in an interview yesterday. You
cant just rely on plentiful imports because exports
from the United States are not going to be widely available
over the longer term.
Grangemouth is to manufacturing in Scotland what Royal Bank
of Scotland is to the countrys finance industry: too
big to fail, economists said. Panicked motorists and truckers
flooded fuel stations across Scotland in April 2008 when
members of the now 1,350-strong workforce at the refinery
and adjacent petrochemicals
plant went on