Factoid/2020/02/27
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< Beachapedia:Factoid | 2020 | 02
Plastic production to double by 2040
- "The over-abundance of natural gas has resulted in the lowest gas prices since 2016. Consequently, some fossil fuel companies are being forced to shut down drilling rigs and file for bankruptcy protection. Big companies like Exxon Mobil, Shell and Saudi Aramco, which see signs of a coming decline in fossil fuel use, are compensating for the low prices by investing in plastic production, since plastics are made from oil, gas and their byproducts. As a result, the World Economic Forum expects plastic production to double by 2040." - Excerpt from Columbia University Earth Institute
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