5 Ways Big Oil is Betting on Plastic at the Risk of the Environment
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Image: Alterfalter/Adobe Stock The report from activist organization As You Sow argues that a global transition to a true circular economy model is the only path to salvation. The American Chemistry Council pleads for more nuance in the debate.
Investors be warned! The petrochemical industry will soon fall victim to “shrinking demand from the power and transportation sectors,” which should have investors asking themselves whether “relying on high-demand growth assumptions for plastics and other petroleum-based products will pay off.” That summary is the basis for a new report released by As You Sow, an activist organization whose efforts include eliminating fossil-based plastics and other petrochemicals due to their “significant climate footprint” and the waste challenges of single-use plastics. The report, “Plastics: The Last Straw for Big Oil? An Investor Brief on the Risks of Overinvestment in Petrochemicals,” details the future of the p