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

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.  As…

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.  As…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    EUR/USD: The Fall of the Titans and What Lies Ahead! 💥📉

    • November 23, 2024
    EUR/USD: The Fall of the Titans and What Lies Ahead! 💥📉

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    • November 23, 2024
    Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens

    Gold Price Today Surges Past $2,700, Setting Historic Weekly Gains

    • November 23, 2024
    Gold Price Today Surges Past $2,700, Setting Historic Weekly Gains

    Natural gas prices outlook for 2025

    • November 23, 2024
    Natural gas prices outlook for 2025