The Price of Plastic Pollution: Social Costs and Corporate Liabilities
Plastics harm people, the environment, and the economy (“social costs”). Some social costs will inevitably turn into compensation claims against the plastics industry (“corporate liabilities”), which may present these claims to their insurers. In this report, for the first time, we provide quantitative estimates of both the social costs and the corporate liabilities emerging from all forms of plastic-related pollution.
Tracking Trends in Advanced/Chemical “Recycling”
In 2020, GAIA released an alert identifying an alarming trend: legislators were introducing bills to promote the expansion of so-called “chemical recycling” (also known as “advanced recycling”, “waste-to-fuel”, “waste-to-plastic,” “plastic transformation,” and “plastics renewal”), eight of which had been signed into law. This unproven waste management strategy is endorsed by the plastic industry via its lobbying arm, the American Chemistry Council. This alert is an update on that trend, which the petrochemical industry has accelerated.