Fossil Fuel Companies Plunging Billions into Global Plastics Industry

HeadlineDec 27, 2017

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 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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