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

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

UK court hearing case of rotomolding worker killed in 280 C oven

November 21, 2014 9:00 am ET

The management at a United Kingdom rotational molding plant are facing criminal charges for the death of a worker who was trapped inside a 280...    More

Image

New York City officials avoid taking a stand on plastic bag fee

November 20, 2014 11:28 am ET

New York Mayor Bill de Blasio's administration claimed Nov. 19 to be committed to dramatically reducing plastic bag consumption in New York City, but ...    More

Image

Agilyx facing nearly $50,000 in fines from Oregon DEQ

November 20, 2014 11:59 am ET

Agilyx Corp., a plastic waste-to-oil company, is facing nearly $50,000 in fines for alleged hazardous waste violations at its Tigard, Ore., research f...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events