business / news / / The Sun U.S Edition
New York bill would require companies to phase out toxic or non-reusable packaging.
New York's proposed bill would ban plastic wrap in packaging for essentials like toilet paper and diapers.
KEY POINTS
- Retailers with over $5 million net income, like Walmart, must switch to eco-friendly packaging alternatives.
- The bill mandates a 10% reduction in non-green packaging within three years and 30% in twelve years.
- Companies violating the packaging rules will be fined, with proceeds supporting recycling programs and infrastructure.
- Packaging industry critics warn the bill may increase product damage and raise prices for consumers.
COMPANIES
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