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MOSCOW (MRC) -- Dow announced yesterday
that it is immediately suspending all corporate and employee political action
committee (PAC) contributions to any member of Congress who voted to object to
the certification of the presidential election, according to Chemweek.
“Dow is committed to the
principles of democracy and the peaceful transfer of power. Our values
- integrity, respect for people, and protecting our planet - are the
foundation on which we stand and our values guide our political contributions,”
the company said in a statement to CW. The suspension will remain in place for a
period of one election cycle - two years for House members and up to six years
for Senators - which specifically includes contributions to the candidate’s
reelection committee and their affiliated PACs, the company adds.
Dow
joins the growing list of corporations halting donations in the wake of the
violent Capital siege on 6 January in which Trump supporters sought to disrupt
the Electoral College vote count certifying President-elect Biden’s victory.
Nearly 150 Republicans voted against certifying the results after the session
reconvened. American Express, amazon, Ford, Goldman Sachs and Marriott have also
announced similar measures. According to CNN, 3M is halting all political
contributions through the first quarter, at which time it will reassess its
policies. ExxonMobil is also reportedly reviewing its contributions in light of
the unrest.
As MRC reported earlier,
in September, 2020, Dow and Luhai, an integrated waste management company
located in Xiamen, China, announced their collaboration to give plastics waste
collected by Luhai a second life, thereby increasing the circularity of plastics
in China. The agreement is in line with Dow’s new sustainability targets to Stop
the Waste by enabling one million metric tons of plastic to be collected, reused
or recycled through its direct actions and partnerships by
2030.
According to MRC's DataScope
report, PE imports to Russia decreased in January-November 2020 by 17% year
on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted
for the greatest reduction in imports. At the same time, PP imports into Russia
increased by 21% year on year to about 202,000 tonnes in the first eleven months
of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase
in imports.
The Dow Chemical Company is an American multinational
chemical corporation. Dow is a large producer of plastics, including
polystyrene, polyurethane, polyethylene, polypropylene, and synthetic
rubber. |
