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Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint

Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters. Along with multinational rivals including PepsiCo and Nestle , Coca-Cola has started offering recyclable aluminum cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world’s oceans being polluted with plastic waste. …read more […]

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Chesapeake Energy Plunges to 20-Year Low as Street Loses Faith

(Bloomberg) — Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice.Shares fell as much as 24% intraday to their lowest since 1999. The stock also briefly dipped below the $1/share mark, and Wall Street isn’t optimistic on Chesapeake’s future.“While we don’t expect this move to come as a surprise given balance sheet issues, the going concern warning in the most recent 10-Q highlighted a declining leverage covenant that may be [to] difficult overcome in our view,” …read more […]