Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Not In My Backyard

Bloomberg Businessweek

|

December 16, 2019

Formosa Plastics’ plan for a $9 billion plant near New Orleans sparks an environmental battle

- Bruce Einhorn, Joe Carroll, Samson Ellis And Sarah Chen

Not In My Backyard

The countryside of St. James Parish, an hour west of New Orleans, is a hodgepodge of bayous and sugarcane fields, smokestacks and riotous tangles of steel pipe. Taiwanese conglomerate Formosa Plastics Group has a $9.4 billion plan to add a new landmark: a giant complex to make petrochemicals used in products such as playground equipment, drainage pipes, and artificial turf.

The company calls it the Sunshine Project. But environmentalists consider its arrival as anything but sunny, saying it could emit more than 13.5 million tons of greenhouse gases annually, equal to about 10% of the increase in U.S. carbon dioxide emissions in 2018 compared to a year earlier. Formosa says emissions from the complex won’t be that high.

Over the past decade, Taiwan has tightened regulations, making major local expansion difficult for Formosa. Meanwhile, the company is spending more than $14 billion to enlarge its operations in the U.S. Gulf Coast region. “They’re not building this in Taiwan,” says Anne Rolfes, founding director of Louisiana Bucket Brigade, a New Orleans-based nonprofit focused on environmental issues related to petrochemical production and oil refineries. “They are looking at us as a colony.”

FLERE HISTORIER FRA Bloomberg Businessweek

Bloomberg Businessweek US

Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time to read

4 mins

March 13, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time to read

10 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time to read

11 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time to read

12 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time to read

4 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time to read

4 mins

March 20 - 27, 2023

Translate

Share

-
+

Change font size