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U.N. pact may restrict plastic production. Big Oil aims to stop it

Feb 20th, 2022
by John Donovan.

REUTERS

U.N. pact may restrict plastic production. Big Oil aims to stop it

By John Geddie, Valerie Volcovici and Joe Brock: Fri., February 18, 2022

A global explosion of disposable plastic, which is made from oil and gas, is increasing carbon emissions, despoiling the world’s oceans, harming wildlife and contaminating the food chain. More than 50 countries, including all 27 members of the European Union, are calling for the pact to include measures targeting plastic production.

That’s a problem for big oil and chemical companies. The industry is projected to double plastic output worldwide within two decades.

Publicly, plastic industry groups representing firms like ExxonMobil Corp, Royal Dutch Shell Plc and Dow Inc, have expressed support for a global agreement to tackle this garbage.

Behind the scenes, however, these trade organizations are devising strategies to persuade conference participants to reject any deal that would limit plastic manufacturing, according to emails and company presentations seen by Reuters, as well as interviews with a dozen officials involved in the negotiations.

FULL ARTICLE

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Posted in: Big Oil, BP, Business Ethics, Business Principles, Chevron, Climate Change, Environment, Exxon Mobil, Fossil Fuels, Oil, Oil Spill, Pollution, Reuters, Royal Dutch Shell Plc, Shell, Shell Chemicals, Shell Energy, Shell Oil Company, Shell PLC, Sin Stocks, Toxic contamination.
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