Faced with diminishing demand for fossil fuels, the struggling oil and gas industry is investing billions of dollars in new plants designed to produce millions more tons of plastics — and millions more tons of pollution. As oil companies’ profits sink amid decreasing demand for their product, oil and gas giants are setting their sights on a new market — they’re pouring billions of dollars into new plants designed to produce plastic from chemicals sourced from fossil fuels. The oil industry plans to increase plastic production by 40% over the next decade. Big Oil’s big plan means millions more tons of plastic – and millions more tons of emissions – will flood into the marketplace and into the environment.
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