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As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that's looking overly optimistic.
The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco sink billions into plastic and chemicals assets. Royal Dutch Shell Plc, BP Plc, Total SA and Exxon Mobil Corp. are all ramping up investments in the sector.
Renewed emphasis on recycling and the spread of local bans on some kinds of plastic products could cut petrochemical demand growth to one-third of its historical pace, to about 1.5% a year, said Paul Bjacek, a principal director at consulting firm Accenture Plc.
Maybe they can convince consumers to accept clamshell packaging for everything.
(Score: 1) by fustakrakich on Thursday June 06 2019, @03:05PM (2 children)
You only have to check the usual cost/benefit ratio. All you need is a pocket calculator.
La politica e i criminali sono la stessa cosa..
(Score: 1) by khallow on Friday June 07 2019, @09:51PM (1 child)
I recall the cost/benefit ratio supposedly wasn't exciting for other examples of regime change.
(Score: 1) by fustakrakich on Saturday June 08 2019, @12:35AM
Wouldn't know about "exciting". It is merely the primary method of deciding whether to invade or not. It's like the riot index, you balance the "benefits" of austerity to the costs of the resulting property damage. Everything is done by the numbers. Perfectly natural and normal.
La politica e i criminali sono la stessa cosa..