'War on plastic' could strand oil industry's £300bn investment  The GuardianView Full coverage on Google News
Major oil firms plan to grow plastic supply to counter impact of shift against fossil fuelsMajor oil firms plan to grow plastic supply to counter impact of shift against fossil fuels

'War on plastic' could strand oil industry's £300bn investment | Plastics | The Guardian

Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday, in a "bet" on society's failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments. The industry has faced increasingly urgent questions in recent months about whether "peak" oil demand has been reached, with the coronavirus pandemic leading to a dramatic drop in transport...

Oil industry placing risky bet on plastics: report

While the trend for investing in oil and gas industry has been downward for years, the pandemic has established it as a pretty garbage investment. The industry has set its hopes on plastic to turn the tide, but new research shows that’s a losing bet, too.While the trend for investing in oil and gas industry has been downward for years, the pandemic has established it as a pretty garbage investment. The industry has set its hopes on plastic to turn the tide, but new research shows that’s a losing bet, too.

The Beginning of the End of the Plastic Era Is Here

Drastic cutbacks in single-use plastics spell trouble for the oil industry's bottom lineDrastic cutbacks in single-use plastics spell trouble for the oil industry's bottom line

Oil industry 'risks losing £300bn' as demand for plastics slumps

LONDON, Sept 4 — Big oil producers are pinning their future growth on the world’s insatiable appetite for plastic, researchers said today, in a “bet” on society’s failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments.  The...LONDON, Sept 4 — Big oil producers are pinning their future growth on the world’s insatiable appetite for plastic, researchers said today, in a “bet” on society’s failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments.  The...

Report: Oil industry placing risky bet on plastics | Money | Malay Mail