Pandemic crisis, systemic decline: why exploiting the COVID-19 crisis will not save the oil, gas, and plastic industries
Center for International Environmental Law, Washington DC
CIEL - Washington DC
2020
22 p.
epidemic disease ; economic impact ; plastics industry ; petroleum and natural gas industry ; interest group
Industrial economics
English
Bibliogr.
"Amidst a global pandemic caused by the novel coronavirus, the oil, gas, and plastic industries are exploiting the crisis by aggressively lobbying for massive bailouts and special privileges in a desperate attempt to revive an oil and gas industry already in decline.
Pandemic Crisis, Systemic Decline: Why Exploiting the COVID-19 Crisis Will Not Save the Oil, Gas, and Plastic Industries documents how long-term systemic declines in the oil and gas industry had been accumulating long before the coronavirus pandemic emerged. Compounded by the impacts of the pandemic and related economic crisis, the industry's collapse has accelerated, with leading companies losing an average of 45% of their value since the start of 2020. "
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