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Plastics, consumer goods makers in $1.5 billion pledge to rein in waste

Reuters    Translate This Article
16 January 2019

On 16 January 2019 Reuters reported: Global companies including BASF, DowDuPont, Procter and Gamble and SABIC have formed an alliance to fight plastic waste, pledging to spend $1.5 billion over the next five years. The Alliance to End Plastic Waste (AEPW), unveiled by its 28 founding companies on Wednesday (16 January), convened amid reports of a worsening environmental crisis ... the alliance's spokesman said more would likely join over the next few weeks. Global Good News service views this news as a sign of rising positivity in the fields of science and business, documenting the growth of life-supporting, evolutionary trends.

The funds will be spent on waste collection infrastructure mainly in Africa and Asia, on technology for recycling and re-use of waste, on educating governments as well as local communities, and on cleaning up highly polluted areas.

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