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April 13, 2019 | Marketplace Looks at Our Plastic Plague and Action Needed

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

As always, intolerance from consumers is a critical part of driving change.  This requires thinking people to actively seek alternate products and producers that minimize plastic packaging, as well as bringing our own containers and bags to stores and leaving plastic packaging piled up at the checkout where necessary.  When it happens enough, store managers and owners take note.  See Intolerance for plastic pushing producers to change.

With its deep fossil fuel industry ties (90% of present plastics are petroleum-based), Canada is far behind the EU and other countries in banning non-biodegradeable single-use plastics.  We have to dramatically reduce packaging, and where plastics are wanted make them from plants and other biodegradable materials; time for bold actions.  There are already solutions like combining natural rubber with bio-plastic which are stronger and more felxible than petro-plastics. A ban on non-biodegradable plastics would focus investment and demand on sustainable packaging types.  See Study shows potential for earth-friendly plastic replacement.

We name and rate the top five most outrageously overpackaged products, and we take them all to our federal environment minister Catherine McKenna to see what’s being done to minimize the waste. All companies agree plastic is a big problem but most won’t agree to make change. So will government act? After our interview, she promises changes coming in June.Here is a direct video link.

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April 13th, 2019

Posted In: Juggling Dynamite

One Comment

  • Avatar darren says:

    Excess packaging on small items to make them bigger reduces theft. The cycle is now in the global cooling phase which will make it harder to grow food. Yet we are burning our food for fuel (ethanol) & perhaps using food to make plastic in the future. Governments are hungry for cash to pay for social programs for migrants a carbon plus a plastic tax grab could be the egotistical political correct thing to do 🙁 Mans ego is so big thinks he can destroy the planet volcanoes are the biggest polluter in the past green house gasses were 9 to 10 times higher & the earth was cooler. It wasn’t that long ago we thought we could destroy the ozone when the gravity from the planetary alignment making a hole in the ozone.

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