ExxonMobil

Column / Harder Line

Oil companies double down on plastics as public outcry grows

Illustration of plastic bag coming out of a gas pump
Illustration: Rebecca Zisser/Axios

The oil and gas industry is ramping up petrochemicals — building blocks of plastics —right as the global outcry intensifies over plastic waste.

The big picture: Most people associate oil companies' products mainly with gasoline. But they also generate plastics that are interwoven into all facets of our lives. This durable material is, more and more, leaving waste virtually everywhere on Earth.

Big Oil doubles down on recycling

A garbage man carries bags of plastic waste for recycling
Photo: Thomas Trutschel/Photothek via Getty Images

Companies across the plastic supply chain are unifying around lofty plans to fix the world’s abysmal recycling record as a way to simultaneously protect their profits and respond to growing pressure.

Driving the news: More than two dozen companies, including ExxonMobil and Procter & Gamble, formed a coalition earlier this year seeking to pour more than $1 billion into increasing recycling.