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Cease Funding Fossil Fuel-Based Plastics And A Real Difference Can Be Made: Analysis

Published on Jul 5 2021 8:19 AM in Packaging And Design tagged: Trending Posts / Packaging / Waste / Plastic / Paywall / Mideroo Foundation

Cease Funding Fossil Fuel-Based Plastics And A Real Difference Can Be Made: Analysis

If high-level investors ceased backing the production of fossil-fuel plastics, the plastic pollution crisis around the world could be resolved, according to a new report from Australian non-profit the Minderoo Foundation.

The report identifies 40 institutional asset managers and global banks who hold more than $300 billion (€253.2 billion) worth of shares in the parent companies of polymer producers, and loaned almost $30 billion to the production of single-use plastics since 2011.

A separate recent study by PA Consulting found that consumers are 'confused' about plastic recycling, with many holding brands responsible.

Dramatic Change In Habits Needed

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