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Mark Barnaba

Who to blame for the plastic peril

A handful of companies and their investors could make all the difference to a world that’s awash in plastic.

We now know who makes our single-use plastic, and who is funding it. Let’s hold them to account.

Australians have been diligently sorting their rubbish and filling up their yellow bins for decades, yet recycling rates remain low and the garbage continues to pile up on land and in our oceans. According to new research, a handful of companies and familiar financial institutions are responsible for this crisis globally.

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Mark Barnaba is the lead independent director and deputy chairman of Fortescue Metals Group. He is also a member of the Board of the Reserve Bank of Australia.

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    Original URL: https://www.afr.com/policy/energy-and-climate/who-to-blame-for-the-plastic-peril-20210514-p57s1s