US, Europe subsidize rapidly expanding petrochemical industry
With the market for fossil fuels in decline, the oil industry is investing heavily in the chemical and plastics industry instead. The strategy seems to be working: the plastics industry is growing faster than the global economy. Multibillion-dollar subsidies from states and publicly funded banks, combined with weak legislation, are reasons behind the rapid growth, according to a new report from Lu
https://www.lunduniversity.lu.se/article/us-europe-subsidize-rapidly-expanding-petrochemical-industry - 2025-10-03