Is Big Oil’s Plastic Bet Going Sour?

While Greenpeace activists were busy planning their occupation of a BP drilling rig, Exxon and Sabic sealed a US$10-billion deal for what is going to be one of the world’s largest petrochemical plants. The deal comes amid increasingly loud opposition to plastics use as the planet’s plastic pollution problem worsens and calls for urgent measures to deal with it intensify. Bans on some single-use plastic products have been a popular way of trying to deal with the problem but it won’t be enough: plastics demand is rising and will…