📢 Last chance to register for our webinar 3pm GMT today: Petrochemical Imbalance - hear from author Said Ashrafkhanov why chemicals are unlikely to prop up #oil demand 📉 https://buff.ly/40VD5fa#Petchem
Plastics Treaty Failure Is a Canary in the Climate Coalmine
It’s easy to blame OPEC and its allies, which act as wreckers on environment deals. It’s harder to do the work at home to eliminate polymers from our lives.
'Petrochemical Imbalance' warns investors & financiers #Petchem demand would have to consistently grow at 3.9% a year 📈 to 2035 to make up for declining demand for #oil 📉 in transport fuels under a moderate-paced transition in line with govt policies https://buff.ly/3Bh7z10
Petrochemical Imbalance: Why chemicals are unlikely to prop up oil demand - Carbon Tracker Initiative
Some of the largest oil and gas companies are pivoting towards petrochemicals as they reckon with...
Mike Coffin said:“Transport fuel demand for oil & gas is ~4x larger than petrochemical feedstocks. As fuel demand plateaus & declines this decade, #petchem demand growth will increasingly struggle to offset fuels decline, given this scale difference" (1/2) https://buff.ly/3Bh7z10
'Petrochemical Imbalance' warns investors #Petchem demand would have to consistently grow at 3.9% a year 📈 out to 2035 to make up for declining demand for #oil 📉 in transport fuels under a moderate-paced energy transition in line with govt policies https://carbontracker.org/reports/petrochemical-imbalance/
UN 🇺🇳 plastics treaty talks collapse as countries fail to agree targets, with #FossilFuel producers blocking progress on plastic production cuts https://buff.ly/3OAceOM#petchem
Morgan Stanley - one of the leading bank financiers of #FossilFuels - will “no longer track financing activities related to #plastics waste as a standalone goal,” the bank said https://buff.ly/4dTzZMs#petchem
Morgan Stanley Quietly Walks Away From Plastics Financing Goal
Bank says decision is linked to the absence of quality data; it continues to support plastics solutions.
Countries remain divided over whether a plastics treaty should seek to restrict single-use #plastics, ban chemicals that raise health concerns, or limit production of plastics? Plastics production could triple by 2060, making the task more urgent https://buff.ly/3UoYYic#petchem