Fossil Fuel Companies Plunging Billions into Global Plastics Industry

Eldonita de Jorge Ruiz Miyares
2017-12-28 20:37:36

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A man collects plastic and other recyclable materials from debris in the waters of Manila Bay in Manila, Philippines. Mismanaged waste from land is the primary

London, December 28 (RHC)-- Environmentalists are warning that fossil fuel corporations and other companies are investing a staggering $180 billion in the global plastics industry, threatening to propel a 40 percent rise in the production of plastics over the next 10 years. 

The Guardian newspaper reports the fossil fuel companies plunging money into plastics include ExxonMobil and Shell.  Experts warn plastic production is already disastrously polluting oceans, causing what some environmentalists call an “Ocean Armageddon.”

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