Big brands call for global pact to cut plastic production
Source: https://www.euractiv.com/section/energy-environment
The production of plastic, which is derived from oil and gas, is projected to double within 20 years, Less than 10% of all the plastic ever made has been recycled, and a Reuters investigation last year revealed that new recycling technologies touted by the plastics industry have struggled to combat the problem, International brands including Coca Cola and PepsiCo called for a global pact to combat plastic pollution that includes cuts in plastic production, a key growth area for the oil industry, only 10% of all plastic created has been recycled, according to a 2021 study.