US, Europe subsidize rapidly expanding petrochemical industry
Published 24 May 2023 Photo: Pixaby 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 growt
https://www.lunduniversity.lu.se/article/us-europe-subsidize-rapidly-expanding-petrochemical-industry - 2025-08-07