L.A. County sues Pepsi and Coca-Cola over their role in ongoing plastic pollution crisis [Los Angeles Times (CA)]
Exxon Mobil Corporation (XOM)
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Source: Los Angeles Times
the public about the effectiveness of plastic recycling, and as a result, left county residents and ecosystems choking in discarded plastic. The suit is the latest in a series of high-profile legal actions California officials have taken against petrochemical corporations and plastic manufacturers. In September, sate Atty. Gen. Rob Bonta and a group of environmental organizations sued Exxon Mobil, accusing the company falsely promoting plastics as universally recyclable when, in reality, the vast majority of these products cannot be reused. The Los Angeles County suit alleges — in a vein similar to that of Bonta's suit against ExxonMobil — that the global beverage companies misrepresented the environmental impact of their plastic bottles, “despite knowing that plastics cannot be readily disposed of without associated environmental impacts.” “Coke and Pepsi need to stop the deception and take responsibility for the plastic pollution problems” their products are causing, said Los
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- Exxon Mobil Co. (NYSE: XOM) had its price target raised by analysts at JPMorgan Chase & Co. from $127.00 to $128.00.MarketBeat
- Exxon Mobil Co. (NYSE: XOM) had its price target lowered by analysts at Morgan Stanley from $142.00 to $140.00.MarketBeat
- Exxon Mobil Co. (NYSE: XOM) had its price target raised by analysts at Wolfe Research from $137.00 to $138.00.MarketBeat
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