How the oil industry's bet on plastics risks $400bn in stranded assets

Michael Holder
clock
Petrochemicals are looking an increasingly unlikely saviour for the oil and gas industry, according to Carbon Tracker
Image:

Petrochemicals are looking an increasingly unlikely saviour for the oil and gas industry, according to Carbon Tracker

Oil and gas industry's bets on petrochemicals growth look increasingly dicey as world turns away from plastics, Carbon Tracker warns

Plastics pollution and climate change are two of the world's foremost environmental and economic concerns, and the global oil and gas industry are a major contributor to both. But today, fresh analysis...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Inside the drive to close the UK's EV battery recycling loop

Inside the drive to close the UK's EV battery recycling loop

BusinessGreen reports on the fast-evolving plans to establish a thriving EV battery recycling industry in the UK

Cecilia Keating
clock 03 October 2022 • 11 min read
New climate risk methodology launched for asset owners and investors

New climate risk methodology launched for asset owners and investors

Tool designed to provide investors and companies with greater clarity on the climate resilience of physical infrastructure

Cecilia Keating
clock 03 October 2022 • 2 min read
MBA Polymers general manager Paul Mayhew | Credit: MBA Polymers

Post-industrial plastics recycling plant opened in UK's automotive heartlands

MBA Polymers is aiming to recycle more plastics from new vehicles than any other recycler

Cecilia Keating
clock 03 October 2022 • 1 min read