Episode 38

The plastic industry says it’s a "hero" of the coronavirus pandemic. What is driving this propaganda? Single-use plastic is a big chunk of the future demand for oil forecast by OPEC or by the International Energy Agency and their other friends trying to cook the books. So if you take out single-use plastic, future demand for oil and gas will decline immediately and so will the projected revenues of that entire industry. That, in turn, has all sorts of consequences for the cost of capital of oil and gas companies, which ultimately means that they will be able to do no more new oil and gas exploration. Furthermore, they would have to close down, gradually, what they're doing now. That's why the plastic industry is now selling itself as a "hero" of the fight against the coronavirus - and nothing could be further from the truth.

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The plastic industry says it’s a “hero” of the coronavirus pandemic. What is driving this propaganda? Single-use plastic is a big chunk of the future demand for oil forecast by OPEC or by the International Energy Agency and their other friends trying to cook the books. So if you take out single-use plastic, future demand for oil and gas will decline immediately and so will the projected revenues of that entire industry. That, in turn, has all sorts of consequences for the cost of capital of oil and gas companies, which ultimately means that they will be able to do no more new oil and gas exploration. Furthermore, they would have to close down, gradually, what they’re doing now. That’s why the plastic industry is now selling itself as a “hero” of the fight against the coronavirus – and nothing could be further from the truth.

Photo by Assaad W. Razzouk

About Me

There is so much to be angry about, if you are a clean energy guy.

Every day, so many things that happen around the world make me angry when I look at them with lenses colored by the climate change chaos unfolding everywhere around us. And I am especially angry because I know we can solve the climate change crisis if we were only trying.


Each week, I will share with you a few topics that struck me and that I was very angry about – and this will generally have to do with climate change, solar or wind power, plastic pollution, environmental degradation, wildlife, the oceans and other related topics.

Assaad Razzouk

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