UN-Habitat conducts study on plastic leakage in Mangaluru
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The study says 20 petrochemical companies are responsible for 55% of the world s single-use plastic waste.
The findings were published by the Minderoo Foundation, one of Asia s largest philanthropies. The research was conducted by academics from the London School of Economics, the Stockholm Environment Institute, Wood Mackenzie, among others.
U.S. energy giant ExxonMobiltops the list, contributing 5.9 million metric tons to global plastic waste, closely followed by U.S. chemicals company Dow and China s Sinopec. The study says 100 companies are the source of 90% of global single-use plastic production.
Nearly 60% of the commercial finance funding the plastic waste crisis comes from just 20 global banks, the study said. A total of $30 billion of loans from these institutions, including Barclays, HSBC and Bank of America, has supported the sector since 2011.
The study says 20 petrochemical companies are responsible for 55% of the world s single-use plastic waste.
The findings were published by the Minderoo Foundation, one of Asia s largest philanthropies. The research was conducted by academics from the London School of Economics, the Stockholm Environment Institute, Wood Mackenzie, among others.
U.S. energy giant ExxonMobiltops the list, contributing 5.9 million metric tons to global plastic waste, closely followed by U.S. chemicals company Dow and China s Sinopec. The study says 100 companies are the source of 90% of global single-use plastic production.
Nearly 60% of the commercial finance funding the plastic waste crisis comes from just 20 global banks, the study said. A total of $30 billion of loans from these institutions, including Barclays, HSBC and Bank of America, has supported the sector since 2011.