Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says

by Riah Marton
in Real Estate
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Share on FacebookShare on Twitter


CALIFORNIA will conclude a two-year investigation into ExxonMobil and the fossil fuel industry’s role in causing global plastic pollution by summer and decide if it will file a lawsuit against oil giant, its attorney general told Reuters on Monday.

The state launched its investigation into the oil and petrochemical industry’s role in creating and exacerbating the global plastic waste crisis in April 2022 and subpoenaed ExxonMobil for documents.

The plastics investigation mirrored similar actions it has taken on climate change that focused on what the industry knew about the problem for decades and how it misled the public about its role.

“We are soon going to be ready to get to a decision based on all of our investigations in the coming weeks,” Attorney General Rob Bonta told Reuters. “The lies and deceit ExxonMobil used to cover up the truth about the non-recyclability of plastic is well documented.”

ExxonMobil said it does not comment on ongoing investigations. In 2022, the company called the state’s allegations “meritless” and said it was focused on solutions to improve waste management.

Bonta said he had planned to attend the start of negotiations on a global treaty to end plastic pollution, which begins in Ottawa on Tuesday, but had to cancel due to scheduling conflicts.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

“In an ideal world we could have made an announcement in Ottawa as part of a discussion of where we go from here, but it didn’t work out,” he said.

California’s investigation focused on what it had called a “half-century campaign of deception” by fossil fuel companies who perpetuate “myths around recycling.”

Bonta said it had also sought information on ExxonMobil’s more recent promotion of its “advanced recycling” technology, which uses a process called pyrolysis to turn hard-to-recycle plastic into fuel, as its response to the plastic waste crisis. He said the technology’s slow progress was a sign of Exxon’s “ongoing continuation of deception.”

The company currently has one advanced recycling plant and is assessing opportunities in around a dozen advanced recycling projects in the U.S. and abroad. It aims to have the capacity to process 1 billion pounds of plastic waste by year-end 2026.

ExxonMobil signed an agreement in 2021 to collaborate with Plastic Energy on advanced recycling in which ExxonMobil agreed to create high-quality plastic polymers at its facility in France. Last week ExxonMobil announced it would close that facility.

A Reuters investigation found that advanced recycling projects worldwide had been beset by numerous delays and failures even as companies touted its success. REUTERS

Tags: CaliforniaExxonMobilPlasticsProbeWeekswrap
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Bank of Japan to hold rates with focus on hawkish signals to buoy yen

Bank of Japan to hold rates with focus on hawkish signals to buoy yen

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In