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$180bn investment in plastic factories feeds global packaging binge

Colossal funding in manufacturing plants by fossil fuel companies will increase plastic production by 40%, risking permanent pollution of the earth

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One million plastic bottles are bought around the world every minute, with most ending up in landfill or in the sea. 

The global plastic binge which is already causing widespread damage to oceans, habitats and food chains, is set to increase dramatically over the next 10 years after multibillion dollar investments in a new generation of plastics plants in the US.

Fossil fuel companies are among those who have ploughed more than $180bn since 2010 into new “cracking” facilities that will produce the raw material for everyday plastics from packaging to bottles, trays and cartons.

The new facilities – being built by corporations like Exxon Mobile Chemical and Shell Chemical – will help fuel a 40% rise in plastic production in the next decade, according to experts, exacerbating the plastic pollution crisis that scientist warn already risks “near permanent pollution of the earth.”

Extended story, Guardian

 

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