Packaging Corporation of America announced yesterday that effective December 31, 2015, Mark W. Kowlzan will become Chairman & CEO of the company. Mr. Kowlzan has served as CEO since July 2010. Paul T. Stecko will step down as non-executive chairman but will continue to serve on the board of directors. He has also entered into an agreement with the company to serve as a senior advisor for strategic matters. Mr. Stecko has served as chairman of the board since 1999. He served as PCA’s CEO from 1999 to 2010 and as executive chairman from 2010 to 2013.
Plastic pollution is a global challenge that requires immediate action. Plastic waste ends up in our landfills and incinerators, litters our parks and beaches, and pollutes our rivers, lakes, and oceans, entangling and killing turtles, fish, and marine mammals.
Less than 10 per cent of plastic used in Canada gets recycled. Without a change in course, Canadians will throw away an estimated $11 billion worth of plastic materials each year by 2030. We’ve reached a defining moment, and this is a problem we simply can’t afford to ignore.
That is why the Prime Minister, Justin Trudeau, today announced that the Government of Canada is taking additional steps to reduce Canada’s plastic waste, support innovation, and promote the use of affordable and safe alternatives. Working with governments and businesses across Canada, the Government of Canada will:
•ban harmful single-use plastics as early as 2021 (such as plastic bags, straws, cutlery, plates, and stir sticks) where supported by scientific evidence and warranted, and take other steps to reduce pollution from plastic products and packaging
•work with provinces and territories to introduce standards and targets for companies that manufacture plastic products or sell items with plastic packaging so they become responsible for their plastic waste.
These measures will be grounded in scientific evidence and will align, where appropriate, with similar actions being taken in the European Union and other countries. They will also support the Canadian Council of Ministers of the Environment’s development of an action plan to implement the Canada-wide Strategy on Zero Plastic Waste.
By improving how we manage plastic waste and investing in innovative solutions, we can reduce 1.8 million tonnes of carbon pollution, generate billions of dollars in revenue, and create approximately 42,000 jobs.
With the longest coastline in the world and one-quarter of the world’s freshwater, Canada has a unique responsibility – and opportunity – to lead in reducing plastic pollution. From launching the Ocean Plastics Charter at the 2018 G7 Summit to investing in new Canadian technologies that turn plastic waste into valuable resources, we are doing just that. Together, we can make our economy stronger and take an important step toward protecting wildlife and the places Canadians love.
more detail at: https://markets.businessinsider.com/news/stocks/canada-to-ban-harmful-single-use-plastics-and-hold-companies-responsible-for-plastic-waste-1028266867