California sues Exxon over global plastic pollution

By Valerie Volcovici

NEW YORK (Reuters) – California has filed a lawsuit against oil giant Exxon Mobil (NYSE:XOM) over its alleged role in global plastic waste pollution, its attorney general announced on Monday.

Speaking at an event during Climate Week in New York City, California Attorney General Rob Bonta said the state sued Exxon after concluding a nearly two-year investigation that he said showed Exxon was deliberately misleading the public about the limitations of recycling.

The investigation mirrors California’s previous probes into the oil industry’s alleged efforts to mislead the public about climate change.

Bonta said his office specifically wants information on Exxon’s promotion of its “advanced recycling” technology, which uses a process called pyrolysis to turn hard-to-recycle plastic into fuel. He had said the technology’s slow progress was a sign of Exxon’s ongoing deception.

“Today’s lawsuit shows the fullest picture to date of ExxonMobil’s decades-long deception, and we are asking the court to hold ExxonMobil fully accountable for its role in actively creating and exacerbating the plastics pollution crisis through its campaign of deception,” Bonta said in a statement.

He said he wants to end the company’s “deceptive practices” and seeks to secure an abatement fund and civil penalties for the harm inflicted by plastics pollution on California.

Exxon rejects allegations that it misleads the public about the limitations of plastics recycling, or about climate change.

Exxon is the world’s largest producer of resins used for single-use plastics, according to a report published last year by the Minderoo Foundation, with consultancies Wood Mackenzie and the Carbon Trust.

California’s lawsuit comes ahead of a final round of global plastic treaty negotiations set to take place in Busan, South Korea, at the end of the year.

In those talks, countries are split over whether the treaty should call for caps on plastic production, a position opposed by Exxon and the global petrochemical industry.

The United States last month said it supports a treatydesigned around global plastic production cuts.

This post is originally published on INVESTING.

  • Related Posts

    Kazakhstan votes on whether to build first nuclear plant

    ALMATY (Reuters) – Kazakhstan votes in a referendum on Sunday on whether to build its first nuclear power plant, an idea promoted by President Kassym-Jomart Tokayev’s government as the Central…

    Oil settles up, biggest weekly gains in over a year on Middle East war risk

    By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Kazakhstan votes on whether to build first nuclear plant

    • October 6, 2024
    Kazakhstan votes on whether to build first nuclear plant

    Factors Driving Exchange Rates

    • October 5, 2024
    Factors Driving Exchange Rates

    How Central Bank Digital Currencies Could Transform Payments?

    • October 5, 2024
    How Central Bank Digital Currencies Could Transform Payments?

    The Essential Guide to Currency Pairs for Confident Forex Trading

    • October 5, 2024
    The Essential Guide to Currency Pairs for Confident Forex Trading

    Weekly Focus: Czechia Will not Regulate Prop Demo Accounts, Saxo Exits Hong Kong, and More

    • October 5, 2024
    Weekly Focus: Czechia Will not Regulate Prop Demo Accounts, Saxo Exits Hong Kong, and More

    Oil settles up, biggest weekly gains in over a year on Middle East war risk

    • October 4, 2024
    Oil settles up, biggest weekly gains in over a year on Middle East war risk