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The Case for a Legislated Market in Minimum Recycled Content for Plastics
The plastic packaging industry faces mounting shareholder and public pressure to reduce the environmental impact of post-consumer plastic packaging. The recycled plastics market in the United States is positioned for growth; however, developing a reliable supply of post-consumer plastics will be expensive because of problems in the recycling market. Reliance on export markets has limited investment in domestic recycling capacity, local collection programs vary considerably, and many consumers are ignorant about what can be recycled.
People of New York v. Exxon Mobil Corp.
New York's high court dismissed the state's securities fraud lawsuit concerning an oil company's accounting of climate change risks. The state argued that the company made misrepresentations and omissions that were material to its investors about how climate change would affect its business by using...