Comment on BP's chief economist predicts plastic bans will slash oil demand

BP's chief economist predicts plastic bans will slash oil demand

Oil giant BP has predicted that increased regulation on plastic pollution around the world will result in decreased demand for petroleum, the key ingredient in most plastic. “We think we’re going to see increasing regulation against some types of petrochemical products, particularly single-use plastics,” BP’s Chief Economist Spencer Dale told Bloomberg.

 

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