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Oil Shock Hitting Plastics in First Sign of Demand Destruction

(Bloomberg) Stratospheric oil prices are flowing through into the plastics industry with producers reducing activity as profit margins collapse, a first sign of the demand destruction that may spread to other sectors. ....

Black Sea , Oceans General , Yunlin Xian , South Korea , Armaan Ashraf , Lotte Chemical Titan Holding Bhd , Lg Chem Ltd , Hanwha Total Petrochemical Co , Taiwan Formosa Petrochemical Corp , Lotte Chemical Corp , Formosa Petrochemical , Chemical Titan Holding , Lotte Chemical , Lotte Titan ,

The U.S. Zigs While the Rest of the World Zags on EV Subsidies

(Bloomberg)

Subsidies for electric vehicles are heading in very different directions in different parts of the world.

China, for example, has been phasing out direct-purchase support for EVs since 2018 and plans to fully end its subsidies next year. The U.K. ....

Joe Biden , Build Back Better , Back Better , General Motors ,

Yvonne Canu: Devotee of Pointillism

Yvonne Canu was a 20th-century French Post-Impressionist who became a devotee of Pointillism more than a half-century after its originator’s death. So entranced by her first up-close experience with Georges Seurat’s work, she found her purpose as an artist as a student of his revolutionary style. Canu’s pointillist creations are distinctly modern, rendered with painstakingly precise dots of pure color that brilliantly blend together to form a cohesive work of art. Although her paintings . ....

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UN Plastic Pledge Is Bright Spot for Diplomacy Shadowed by War

(Bloomberg)

In the shadow of the relentlessly heartbreaking news about Russia’s war on Ukraine, a glimmer of hope for the potential for world diplomacy came out of Kenya last week. ....

Nairobi Area , France General , Simon Reddy , Virginijus Sinkevicius , Bjorn Beeler , International Pollutants Elimination Network , European Union , United Nations Environment Assembly , Preventing Ocean Plastics , Pew Charitable Trusts , Paris Agreement ,

Singapore's Temasek Invests in Forest Fund as Carbon Tax Looms

(Bloomberg) Singapore state-owned investment firm Temasek Holdings Pte is backing a new southeast Asian forestry fund as the city-state looks to increase a carbon tax on its biggest emitters. ....

Sumitomo Mitsui Trust Bank , Temasek Holdings Pte , Forests Tropical Asia Forest Fund , New Forests Tropical Asia Forest Fund , Sydney Based New Forests Chief Executive David , Capital Raise , New Forests ,