{"id":371993,"date":"2020-09-05T09:17:50","date_gmt":"2020-09-05T03:47:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371993"},"modified":"2020-09-05T09:51:36","modified_gmt":"2020-09-05T04:21:36","slug":"oil-industry-placing-risky-bet-on-plastics-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-industry-placing-risky-bet-on-plastics-report\/","title":{"rendered":"Oil industry placing risky bet on plastics: Report"},"content":{"rendered":"<p>Big oil producers are pinning their future growth on the world&#8217;s insatiable appetite for plastic, researchers said Friday, in a &#8220;bet&#8221; on society&#8217;s failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments. <\/p>\n<p>The industry has faced increasingly urgent questions in recent months about whether &#8220;peak&#8221; oil demand has been reached, with the coronavirus pandemic leading to a dramatic drop in transport fuel consumption, while cleaner energy makes ever greater headway. <\/p>\n<p>But oil producers now see plastics as the biggest driver of future demand, according to a new report by financial think tank Carbon Tracker and sustainability and development group Systemiq.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big oil producers are pinning their future growth on the world&#8217;s insatiable appetite for plastic, researchers said Friday, in a &#8220;bet&#8221; on society&#8217;s failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments. The industry has faced increasingly urgent questions in recent months about whether &#8220;peak&#8221; oil demand has been reached, with the coronavirus pandemic leading to a dramatic drop in transport fuel consumption, while cleaner energy makes ever greater headway. But oil producers now see plastics as the biggest driver of future demand, according to a new report by financial think tank Carbon Tracker and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-371993","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371993"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371993\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}