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Wed, Aug 6

Global Plastic Treaty: A turning point for oil-based economies? Industry pressure vs. environmental urgency

From Geneva, a new front is emerging in the global energy and petrochemical landscape:

The UN-led treaty to reduce plastic production is now facing serious pushback from some of the world’s top oil-exporting countries.

While the treaty aims to cut production at the root—rather than just manage waste—major petrochemical lobbies and oil powers are pushing back hard.

This isn’t just an environmental issue. It’s a structural challenge to how the world has monetized crude oil for decades — not only as fuel, but as raw material for massive plastic economies.

What’s at stake?

• The future of global plastic flows

• The role of refineries in petrochemical exports

• The position of oil-producing nations in tomorrow’s supply chains

This battle isn’t about straws and bags — it’s about revenue, power, and the shape of energy economics in the post-oil transition.

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