Global tax would spoil investors’ plastic party

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Global tax would spoil investors’ plastic party
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Demand for durable polymers is soaring. This may change if UN talks to end plastic pollution by 2040 succeed in introducing a levy. That will shrink a bonus market for Big Oil and cut packaging firms’ margins, writes LJucca

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Breakingviews - Global tax would spoil investors’ plastic partyBreakingviews - Global tax would spoil investors’ plastic partyThe days of carefree plastic use may soon be over. Even though the world is suffocating in polluting waste, sales of fresh polymers are projected to rise 40% to $529 billion by 2031. This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. Drastic action would shrink a promising market for Big Oil and cut packaging firms’ margins.
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