Who’s Making — and Funding — the World’s Plastic Trash?

In 2019 more than 130 million metric tons of plastic was used just once and then discarded. ExxonMobil, the report concludes, was responsible for creating 5.9 million tons of that single-use plastic waste in 2019, with Dow right behind it, generating 5.6 million tons that year.

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ExxonMobil, Dow, Barclays, and more top lists in a new report ranking the companies behind the single-use plastic crisis.

By Sharon Kelly

Global Research, May 21, 2021DeSmog 18 May 2021

ExxonMobil is the world’s single largest producer of single-use plastics, according to anew reportpublished today by the Australia-basedMinderoo Foundation, one of Asia’s biggest philanthropies.

The Dow Chemical Company ranks second, the report finds, with the Chinese state-owned company Sinopec coming in third. Indorama Ventures — a Thai company thatenteredthe plastics market in 1995 — and Saudi Aramco, owned by the Saudi Arabian government, round out the top five.

Funding for single-use plastic production comes from major banks and from institutional asset managers. The UK-based Barclays and HSBC, and Bank of America are the top three lenders to single-use plastic projects, the new report finds. All three of the most heavily invested asset managers…

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