Soft drink archrivals James Quincey and Ramon Laguarta participated in a panel on the plastic economy, a recurring theme at the World Economic Forum in Davos, alongside Dow Chemical boss Jim Fitterling and others. These three companies are part of the new Alliance to End Plastic Waste announced with great pomp in mid-January by about 30 multinationals.

The new Alliance to End Plastic Waste, also comprised of big energy, petrochemical and plastic manufacturing firms said it would donate $1 billion to "minimize and manage plastic waste and promote solutions for used plastics. 

About eight million tons of plastic are thrown into the sea every year, according to the Earth Day advocacy group the equivalent of a rubbish truck-load every minute.

Activists and green experts are skeptical about the intentions of firms such as Procter & Gamble, Chevron, and ExxonMobil, and voiced doubt over the effectiveness of the alliance's clean-up plan. 

The European Union wants to ban certain single-use plastics such as plates, cutlery, and drinking straws by the end of 2021.Experts say up to 80 percent of all litter in the oceans is made of plastic, much of it from items such as plastic shopping bags or cold-drink bottles used just once.

source: AFP