Is This Defi Coin Your Next "10-Bagger" Investment?

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

LA County sues Pepsi, Coca-Cola over plastic bottles

JAIMIE DING
October 31, 2024

LOS ANGELES (AP) -- Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

In a lawsuit filed Wednesday, the county alleged PepsiCo and Coca-Cola companies have misled the public about the recyclability of their plastic bottles and downplayed the negative environmental and health impacts of plastic disposal.

"Coke and Pepsi need to stop the deception and take responsibility for the plastic pollution problems your products are causing," LA County supervisor Lindsey Horvath said in a statement. "Los Angeles County will continue to address the serious environmental impacts caused by companies engaging in misleading and unfair business practices."

Coca-Cola owns brands like Dasani, Fanta, Sprite, Vitamin Water, and Smartwater, while PepsiCo owns Gatorade, Aquafina, Mountain Dew, and more. The two companies have been ranked as the world's top plastic polluters for five consecutive years, and Coca-Cola has taken the number one spot for six years, according to global environmental group Break Free From Plastic.

PepsiCo produces approximately 2.5 million metric tons of plastic and Coca-Cola produces approximately 3.224 million metric tons of plastic annually, according to Break Free from Plastic.

A European Union consumer protection group and environmental organizations filed a legal complaint against Coca-Cola, Nestle, and Danone last November, accusing them of being misleading when representing packaging as 100% recycled or 100% recyclable.

The LA lawsuit said Coca-Cola and PepsiCo have employed "disinformation campaigns" for consumers to purchase single-use plastic, believing them to be recyclable and less harmful to the environment.

It alleged that both companies promised to create a "circular economy" for its bottles, in which plastic bottles can be recycled and reused an endless number of times, while in reality plastic bottles can only be recycled once, if at all.

The American Beverage Association, which PepsiCo and Coca-Cola are a part of, denied the lawsuit's accusations about their plastic bottle recycling labels.

"The allegation that our packaging is not and will not be recycled is simply not true," the group's spokesperson William Dermody said in a statement.

Dermody said California had a 71% bottle recycling rate in 2023, one of the highest in the country, and that their bottles are "designed to be recycled and remade and can include up to 100% recycled plastic."

In 2022 alone, an estimated 121,324 to 179,656 tons of plastic waste leaked into the land and ocean in California, and plastics make up seven of the top 10 litter products found on beaches, the lawsuit states.

A big part of the problem is microplastics.

Plastics that have leaked into the environment eventually disintegrate into tiny pieces of plastic measuring five millimeters or less. They can affect soil and plant growth, marine and fish life, and are nearly impossible to remove from the environment, the lawsuit states.

Some Australian researchers, on behalf of the World Wildlife Fund, calculated in 2019 that many people each week consume roughly 5 grams of plastic from common food and beverages, and microplastics have been found in body tissues and organs. Though research is still limited overall, there are growing concerns that microplastics in the body could potentially be linked to heart disease, Alzheimer's and dementia, and other problems.

The lawsuit is seeking a court order to stop the companies' "unfair and deceptive business practices" as well as restitution for consumers and civil penalties of up to $2,500 per violation.

In February 2020, environmental nonprofit Earth Island Institute filed a lawsuit in California asking for damages and an order for Coca-Cola, PepsiCo, Nestle USA, Procter & Gamble and six other companies to clean up the plastic waste they should be held responsible for.

New York state also sued PepsiCo last November for its role in creating the plastic waste that littering the Buffalo River, which empties into Lake Erie and supplies the city of Buffalo's drinking water.

Continue Reading...

Popular

Floki Eyes Dogecoin Rivalry With Second Meme Coin Exchange-Traded Product

Floki’s (CRYPTO: FLOKI) proposal to launch a Floki Exchange-Traded Product (ETP) has prompted traders to predict bullish price action.

What's Going On With Laser Photonics Shares Thursday?

Laser Photonics stock is trading higher after the company announced it received an order from Walsh Service Solutions.

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad

If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.

Billionaire Dan Loeb Doubles Down On These 2 Stocks

Dan Loeb, founder of Third Point, increased his stake in ICE and CRH by over 100% in Q4 2024. This represents a 108.5% increase in share count and a total portfolio value of $334.93 million.

Dogecoin Whales Load Up Coins Worth $92 Million Over 4 Days As Meme King Outperforms Bitcoin, Ethereum In 2024

On Tuesday, Ali, a prominent voice in the crypto community, revealed that whale investors purchased a staggering 270 million Dogecoin (CRYPTO: DOGE) in less than four days.

Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad

In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.

Warby Parker, RH, Bath & Body Works Are 'Stocks With Potential,' Analyst Says

Telsey Advisory Group analyst Dana Telsey on Tuesday provided an overview of which consumer sectors were the best performers in the third-quarter and highlighted some "stocks with potential."

Sam Altman-Backed Nuclear Power Startup Oklo Receives Outperform Rating From Wedbush Amid 'AI Revolution' Buzz

OpenAI CEO Sam Altman-backed nuclear power startup Oklo Inc. received an outperform rating from Wedbush Securities, marking another milestone in its push to power the artificial intelligence revolution through advanced nuclear technology.

Elon Musk: "The Government Is Out of Control." - Ad

Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.

Mary Trump's Warning: Donald Trump's Second Term 'Already Is More Dangerous Than the First'

Mary Trump, niece of President-elect Trump and one of his most vocal critics, has issued a stark warning about what to expect from her uncle's second administration.

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

Trump's Call To Reclaim Panama Canal Sparks Backlash: 'Every Square Meter Belongs To Panama,' Says President Mulino

Panama's President José Raúl Mulino strongly rejected President-elect Donald Trump's suggestion to return the Panama Canal to U.S. control, highlighting potential tensions that could affect maritime trade through the critical waterway.

Stock market today: Asian stocks mixed at the start of a holiday-shortened week

HONG KONG (AP) — Asian markets were mixed on Tuesday after stocks in Wall Street shook off a choppy start to finish higher the previous day as it kicked off a holiday-shortened week.

Scary Accurate AI Money Map Shows Strange Twist Coming for the Market - Ad

Over the last 5 years, this "scary accurate" AI Money Map has helped investors get in on the right stocks, at the right time -- during this AI revolution... Now it shows a strange twist is coming for the AI market that almost nobody sees coming... And worse still, no one's being warned about.

Undersea power cable linking Finland and Estonia hit by outage, prompting investigation

FRANKFURT, Germany (AP) — A power cable linking Finland and Estonia under the Baltic Sea suffered an outage, prompting an investigation, Finnish Prime Minister Petteri Orpo said Wednesday.

A Maui program kept Lahaina families together by paying households to take in fire survivors

WAILUKU, Hawaii (AP) — The Lahaina home Tamara Akiona shared with 10 people was never quiet, and she loved it that way.

"King of the Quants": Please Don't Take This Warning Lightly... - Ad

My system has recently uncovered a market phenomenon I haven't seen in 30 years.Some fortunate folks like me built generational wealth back then...while others lost their shirts and spent decades trying to recover. Well, something similar is happening today... but it will end in a much bigger way. This market shakeup is going to be much more intense.

Apple's Near Term Success Will Be Driven By Strong Holiday Season, iPhone 16, Says Dan Ives — Analyst Sees Stock Hitting $300, Cupertino Hitting $4 Trillion Marketcap

Apple Inc. is on track to become the first company to reach a $4 trillion market capitalization by early 2025, driven by strong iPhone sales and artificial intelligence innovations, according to Wedbush Securities analyst Dan Ives.

Tesla Tackling 'Critical Safety Issue' In FSD With Audio Detection For Emergency Vehicles, Says Ross Gerber: 'Humans Use More Than One Sense To Drive'

Tesla Inc. needs to address a "critical safety issue" regarding its Full Self-Driving system's ability to detect emergency vehicles, according to prominent investor Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management.

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...

Elon Musk Changes Tone, Applauds Speaker Johnson: 'It Went From A Bill That Weighed Pounds To One That Weighed Ounces'

Elon Musk praised Speaker Mike Johnson's revised spending package to prevent a government shutdown, calling it a significant improvement, after initially expressing skepticism about the plan.

Take These Four Steps to Protect Your Financial Future... - Ad

AI is hailed as the future, but its hidden dangers may threaten our way of life and financial security. Many Americans may be unprepared as things unravel. I've recorded a critical briefing to expose the truth and help you act. Learn the four steps you must take now to protect yourself and your family.

Bill Clinton Admitted To Hospital Due To Fever In Washington

Ex-President Bill Clinton has been hospitalized in Washington on Monday Dec. 23, 2024, with a fever but remains in good spirits, according to his deputy chief of staff.

British economy flatlines in 3rd quarter in another blow to new Labour government

LONDON (AP) — flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

What to stream: 'Squid Game' returns, the movie 'Bird' and Mariah Carey teams up with the NFL

The long-awaited second season of “Squid Game” on Netflix and singing superstar Andrea Bocelli’s Christmas TV special are some of the new television, films and music near you.

Is Artificial Intelligence the Biggest Bubble in History? - Ad

Is it any surprise 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading their OWN stocks at record pace? They're getting OUT of AI (and Tech Stocks) before it's too late. But why? And WHERE are they moving their cash for the biggest profits, in 2024?

Amazon and Starbucks workers are on strike. Trump might have something to do with it

and are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract.

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

If you have a significant amount of money in the stock market right now -- or if you're sitting on the sidelines waiting to make a move -- you DO NOT want to miss my latest research. My goal is to get as many people as I can in front of what's coming. If you wait until your hand is forced, it will already be too late. You absolutely MUST get on the right side of this thing.

Honda Stock Surges Nearly 14% On Buyback, Merger Talks With Nissan

Honda Motor Co. Ltd. shares soared nearly 14% in Tokyo trading on Tuesday, marking their biggest one-day gain since 2008, after the Japanese automaker announced a massive share buyback plan and confirmed merger discussions with Nissan Motor Co. Ltd.

Quantum Computing, BlackBerry And Lucid Group Are Among Top Mid Cap Gainers Last Week (December 16-20): Are The Others In Your Portfolio?

The top nine mid-cap stocks from the last week are: Quantum Computing Inc., BlackBerry Limited, IonQ, Inc., Rigetti Computing, Inc., SoundHound AI, Inc., Xometry, Inc., Lucid Group, Inc., Oklo Inc., and Azenta, Inc.

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad

1:59 P.M. on January 31st. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.

Luigi Mangione Lands In Same Brooklyn Jail As Diddy And FTX's Bankman-Fried

The alleged murderer of UnitedHealth Group CEO Brian Thompson has been transferred to the Metropolitan Detention Center in Brooklyn, New York.

What's Going On With Broadcom Stock?

Broadcom Inc (NASDAQ:AVGO) shares are trading lower Wednesday, pulling back from a recent surge that saw the stock join the $1 trillion club. Here's a look at what you need to know.

The Secret to Trading Success? It's Simpler Than You Think - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service