A new study shows that the societal impact already costs around $100 billion per year.
, and even opioids are forging new legal pathways, the report points out. In the case of PFAS, the chemicals are pervasive, with many companies selling products that contain them, but only a handful of companies manufacture them — and those are the companies. The story is similar, Charles said, when it comes to the most harmful additives in plastic products.
The study estimates that manufacturers of these chemical additives are most likely to be exposed to litigation stemming from these health harms. Manufacturers of these types of chemicals include companies like BASF, Dow Chemical Company, Eastman Chemical Company and ExxonMobil Corporation. Charles added that although these lawsuits could total billions of dollars, they won’t keep pace with the social costs, especially in the near term. These hazards enter the stream of commerce and it’s many years later that scientists start piecing together how harmful they are, he said. Then, it takes years to reach a scientific consensus, and it still takes years before lawyers take action after that.
“This report is basically communicating that if you invest in plastics, you’re taking a calculated risk and there are threats looming,” Sean O’Leary, a senior researcher focused on energy and petrochemicals at theO’Leary, who was not involved in the Minderoo study, said petrochemical development in Appalachia’s Ohio River Valley, which spans parts of western Pennsylvania, Ohio, West Virginia, Virginia, Kentucky, Indiana, Illinois and Tennessee, has already been hampered by unfavorable market...
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