Groups say Closed Loop Fund better off investing in existing projects

By Jim Johnson
Senior Staff Reporter

Published: June 6, 2014 12:02 pm ET
Updated: June 6, 2014 12:07 pm ET

Related to this story

Topics Public Policy Sustainability Recycling
Companies & Associations Coca-Cola Co. PepsiCo. Inc. Procter & Gamble Co. Wal-Mart Stores Inc.

A self-described group of public interest organizations is going after the newly created $100 million Closed Loop Fund established to boost recycling.

The fund, recently announced at a Wal-Mart sustainable product expo, plans to invest in recycling infrastructure and “spur private and public finding for transforming the recycling system in the United States,” Wal-Mart has said.

Aside from the nation’s largest retailer, Closed Loop Fund backers include Coca-Cola, PepsiCo, Procter & Gamble, Unilever, Johnson & Johnson, Keurig Green Mountain Coffee and Goldman Sachs.

But the group of public interest organizations wants those companies backing the fund to “support proven policies to boost recycling instead, like extended producer responsibility.”

Matt Prindiville is associate director of Upstream, formerly known as the Product Policy Institute. He said $100 million seems like a lot of cash, but it should not be seen as a “game-changer.”

“It’s really just a drop in the bucket — both in terms of what it actually costs the companies, and the amount that’s actually needed to significantly boost recycling in the U.S.,” he said in a statement.

Athens, Ga.-based Upstream is joined by 5 Gyres, Eureka Recycling, Green America, Story of Stuff Project, and Texas Campaign for the Environment in calling for EPR consideration in a letter to Wal-Mart CEO Doug McMillon.


Comments

Groups say Closed Loop Fund better off investing in existing projects

By Jim Johnson
Senior Staff Reporter

Published: June 6, 2014 12:02 pm ET
Updated: June 6, 2014 12:07 pm ET

Post Your Comments


Back to story


More stories

Image

Congress makes another attempt to update chemical regulations

April 15, 2015 11:09 am ET

A new Congress means taking yet another crack at updating the 1970s law regulating U.S. chemical manufacturing, transportation and use.    More

Image

GN Thermoforming changes management following founder's arrest

April 15, 2015 4:47 pm ET

GN Thermoforming Equipment officials say Georg Nemeskeri has stepped away from active involvement with the company he founded 34 years ago and a...    More

Image

OSHA targets firm making plastic balls used in fracking

April 15, 2015 4:55 pm ET

The U.S. Occupational Safety and Health Administration announced that it may fine a manufacturing company in New York for 48 alleged violations of...    More

Image

Economic déjà vu: strong spring growth expected after a rough winter

April 15, 2015 2:03 pm ET

The long, harsh winter is finally over, and the first quarter of the calendar is history. So now is an appropriate time to review the emerging trends ...    More

Image

Arizona bans bag bans, mandatory recycling

April 15, 2015 11:52 am ET

Swimming against the stream of bag bans around the country, a new Arizona law prohibits local bans, taxes or fees on plastic bags and other containers...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events