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$400 billion of planned petrochemical outlay at risk on exaggerated plastics demand
Carbon Tracker Initiative, 04 September 2020
Key Quotes
Remove the plastic pillar holding up the future of the oil
industry, and the whole narrative of rising oil demand collapses.
Kingsmill Bond, Carbon Tracker Energy Strategist and report lead
author.
There are huge benefits in the change from the current linear
system to a more circular one. You can have all the functionality
of plastics but at half the capital cost, half the amount of
feedstock, 700,000 additional jobs and 80% less plastic pollution.
Yoni Shiran, lead author of Breaking the Plastic Wave
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