Exxon Mobil (NYSE:XOM)
Gráfica de Acción Histórica
2 meses : De Dic 2018 a Feb 2019
By Nathan Allen
A group of nearly 30 companies involved in the production of plastics and consumer goods said Wednesday that they have committed $1 billion to help reduce plastic waste as part of a global alliance.
The Alliance to End Plastic Waste, which includes oil-and-gas majors such as Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSB.LN) and chemical makers like BASF SE (BAS.XE), hopes to invest $1.5 billion over the next five years, according to fellow member Total SA (FP.FR).
Among other projects, the group plans to partner with cities to design waste-management systems, especially along rivers which transport waste to the ocean.
Member companies will also fund the development of technologies that prevent plastic waste by investing in startups, with an initial focus on Southeast Asia.
Write to Nathan Allen at firstname.lastname@example.org
(END) Dow Jones Newswires
January 16, 2019 05:56 ET (10:56 GMT)
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