Exxon Mobil Faces Lawsuit Over Alleged Role in Global Plastic Pollution Crisis - California Attorney General Takes Action
In a groundbreaking move during Climate Week in New York City, California Attorney General Rob Bonta announced a lawsuit against Exxon Mobil (NYSE: XOM) for its alleged involvement in global plastic waste pollution. The state's nearly two-year investigation revealed that Exxon had been misleading the public about the limitations of recycling, particularly through its promotion of "advanced recycling" technology.
The lawsuit seeks to hold Exxon accountable for its role in exacerbating the plastics pollution crisis and aims to put an end to the company's deceptive practices. California is also looking to secure an abatement fund and civil penalties to address the harm caused by plastics pollution in the state.
Exxon has denied the allegations of misleading the public about plastics recycling and climate change. As the world's largest producer of resins used for single-use plastics, Exxon's actions have significant implications for global efforts to address plastic pollution.
The lawsuit comes at a crucial time, with final negotiations for a global plastic treaty set to take place in Busan, South Korea. The treaty discussions are divided on whether to impose caps on plastic production, a move opposed by Exxon and the petrochemical industry. The United States has recently expressed support for a treaty focused on reducing global plastic production.
In conclusion, this lawsuit highlights the importance of holding corporations accountable for their environmental impact and the need for greater transparency in the plastics industry. By addressing the deceptive practices of companies like Exxon Mobil, we can work towards a more sustainable future for our planet and our finances.