Exxon leads industry fight against UN talks seeking cap on plastic production

News Snapshot:

Exxon Mobil (NYSE:XOM) is out front as petrochemical companies push back against plans to cap the production of plastics, as more than 4,000 delegates and observers prepare to meet in Ottawa on Tuesday for United Nations talks on a potential plastics treaty that could end plastic pollution within the next two decades. "The issue is pollution, The issue is not plastics," Exxon's (XOM) head of product solutions Karen McKee told the Financial Times, adding that alternatives to plastic packaging could result in an even higher emissions footprint. The oil and gas sector is "looking at plastic as being the next...