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BETTER EVERYDAY PRODUCTS


made from plant
not petroleum


 

Bullboard - Investor Discussion Forum Good Natured Products Inc. GDNPF


Primary Symbol: V.GDNP

good natured Products Inc. offers an assortment of plant-based products made all, or in part, from the maximum possible amount of rapidly renewable resources. The Company’s segments include Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services. The Company is focused on making it easy and affordable for business owners and consumers to shift away from petroleum... see more

TSXV:GDNP - Post Discussion

Good Natured Products Inc. > Single plastic use ban....Canada
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Post by CravingProfits on Jun 20, 2022 10:57am

Single plastic use ban....Canada

The final countdown to banning some single-use plastics in Canada begins today (msn.com)

OTTAWA — Canadians will need to find alternatives for plastic straws and grocery bags by the end of the year as the federal government puts the final motions in place to ban some single-use plastics.

Environment Minister Steven Guilbeault and a number of other ministers and Liberal MPs will lay out the plastics ban in a series of events across the country today.

Guilbeault is also expected to discuss plans to mandate a minimum amount of recycled content in other plastic items as the government seeks to create a bigger market for recycled plastic in Canada.

The draft regulations to ban six plastic items were published in December and the government has to have at least a six-month long phase-in period once the final regulations are published this month.

Only six specific manufactured plastic items will be affected by the initial ban, after the government determined they were hard to recycle but have easy alternatives.

They include straws, takeout containers, grocery bags, cutlery, stir sticks and plastic rings used to hold six cans or bottles together.

The move comes almost three years after Prime Minister Justin Trudeau first promised that his government would phase out the production and use of hard-to-recycle plastic items as it aims for zero plastic waste by the end of the decade.

Initially he said the ban would happen in 2021, but the scientific assessment of plastics that was needed to put the ban in motion was delayed by the COVID-19 pandemic.

Following that assessment, which was finalized in October 2020, the government designated manufactured plastics as toxic under the Canadian Environmental Protection Act.

That designation was needed before any items can be banned.

A coalition of plastics makers sued the government over the designation in May 2021, with the case expected to be heard sometime this year.

Plastic waste has been a growing problem around the world, with an estimated 10 per cent or less of most manufactured plastic recycled. 

A research study published by Environment and Climate Change Canada in 2019 found 3.3 million tonnes of plastic was thrown out, almost half of it plastic packaging. Less than one-tenth of that was recycled. Most of the plastic ended up in landfills, where it will take hundreds of years to decompose.

An estimated 29,000 tonnes ended up as plastic pollution, littering parks, forests, waterways and shorelines with cigarette butts, food wrappers and disposable coffee cups.

The Great Canadian Shoreline Cleanup project in 2019 removed more than 163,000 kilograms of plastic waste from nearly 4,000 kilometres of shoreline in Canada. The documented haul included more than 12,000 plastic bottles, 12,480 plastic straws and almost 17,000 plastic bags.

Federal data show in 2019, 15.5 billion plastic grocery bags, 4.5 billion pieces of plastic cutlery, three bill stir sticks, 5.8 billion straws, 183 million six-pack rings and 805 million takeout containers were sold in Canada.

Newfoundland and Labrador, Prince Edward Island and Nova Scotia already took their own action against plastic bags as have some cities including Regina and Montreal.

Some retailers also moved faster than the government, with Sobeys eliminating single-use plastic bags at its checkout counters in 2020, and Walmart following suit this past April. 

Many fast food outlets replaced plastic straws with paper versions over the last several years as well.

This report by The Canadian Press was first published June 20, 2022.

Mia Rabson, The Canadian Press

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Investment Opportunity

A North American leader in bio-based products. The company is disrupting a very large fast moving consumer goods market (US $400 billion annually) with very strong macro tailwinds related to sustainable products and increased regulatory pressure around use of renewable materials. good natured® has a very strong management team that includes the former CEO of Best Buy Europe, with a unique retail/commercially focused business model that is dedicated to making it easy and affordable for businesses and consumers to make the switch to plant-based products from petroleum.

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814–470 Granville St,
Vancouver, BC Canada V6C 1V5
1-236-427-1082
invest@goodnaturedproducts.com