For decades, consumers have been led to believe that recycling plastic saves on waste. Unfortunately, it’s not true, says Simon Wilson. And that could have big consequences for the oil business.
Cause before they could turn some profit on it by selling it to Chinese companies who could scrape out a profit with cheap labor. 10 or so years ago they kinda moved on since their economy expanded and wages have been rising. Without exploiting the labor of a country that has low wages and subsidized industry, there's no profitable way to recycle plastic (especially if you have to sort and clean it yourself), so much of it has just gone to the dump.
Cause before they could turn some profit on it by selling it to Chinese companies who could scrape out a profit with cheap labor. 10 or so years ago they kinda moved on since their economy expanded and wages have been rising. Without exploiting the labor of a country that has low wages and subsidized industry, there's no profitable way to recycle plastic (especially if you have to sort and clean it yourself), so much of it has just gone to the dump.
PS: didn't read the article.