Dozens of companies launch US$1 billion bid to end plastic pollution in Asia but environmentalists dismiss it as ‘greenwashing’ stunt
The “Alliance to End Plastic Waste” (AEPW) consortium of more than 30 companies launched last month, dedicating a combined total of US$1 billion over the next five years – aiming for US$1.5 billion if more conglomerates join – to develop better plastic recycling practices and infrastructure around the world. Its founding members include companies such as Chevron, Dow, Formosa Plastics, Mitsubishi Chemical, Procter & Gamble, Sumitomo Chemical, and Shell.
