News
Coca-Cola is dramatically scaling back its plastic promises
In 2018, Coca-Cola announced that by 2030 it wanted to recycle the plastic equivalent of every bottle it put out into the world.
Coca-Cola changed its “voluntary environmental goals” this week. Florian Gaertner/Photothek/Getty Images
Coca-Cola is scaling back its packaging sustainability goals, igniting outrage from environmental activists.
CNN reported that the beverage company, which has long been criticized for being one of the world’s top producer of plastic pollutants, changed its “voluntary environmental goals” this week.
It now aims to use 35% to 40% recycled material in its packaging by 2035 — a drastic reduction from its previous goal of 50% by 2030.
Coca-Cola explained in a press release that its “evolution is informed by learnings gathered through decades of work in sustainability, periodic assessment of progress and identified challenges.” Coke is also changing its recycling goal.
In 2018, Coca-Cola announced that by 2030 it wanted to recycle the plastic equivalent of every bottle it put out into the world.
That’s been reduced to “ensure the collection” of 70% to 75% bottles and cans entering the market every year without naming an specific timeline.
Pollution from single-use plastic remains a major problem.
A recent report from the Minderoo Foundation found that companies are producing record amounts of plastic despite stated efforts to be more sustainable. Plastic is problematic because it’s mostly made from polymers created from dangerous fossil fuels.
“We remain committed to building long-term business resilience and earning our social license to operate through our evolved voluntary environmental goals,” Bea Perez, executive vice president for sustainability and strategic partnerships for the Coca‑Cola Company, said in a press release.
“These challenges are complex and require us to drive more effective and efficient resource allocation and work collaboratively with partners to deliver lasting positive impact.”
In response, environmental group Oceana bashed Coca-Cola for its “short-sighted, irresponsible” changes that are “worthy of widespread condemnation by its customers, its employees, its investors, and governments worried about the impact of plastics on our oceans and health.”
The company’s new and weak recycling-related pledges won’t make a dent in its overall plastic use,” Matt Littlejohn, Oceana’s senior vice president of strategic initiatives, said in a statement.
“Coca-Cola’s investors and governments around the world should take notice and take steps to hold the company accountable.”
Earlier this year, Coca-Cola rolled out new bottles for all versions of Coke sodas (i.e. zero sugar, diet, original, etc.) that are made from 100% recycled plastic.
The company estimated that the new bottles will reduce 83 million pounds of plastic used in its US supply chain, the equivalent of two billion bottles.
News
Otunba Adekunle Ojora, Industrialist and broadcaster dies at 93
Ojora held significant interests in AGIP Petroleum Marketing, NCR Nigeria, and founded several private firms, including Nigerlink Industries, Unital Builders, and Lagos Investments, a holding company. In the wake of the Nigerian Enterprise Promotion Act.
• Photo of Otunba Adekunle Ojora
The Head of Ojora Royal Family of Lagos, on Wednesday announced the death of Otunba Adekunle Ojora at the age of 93.
He is survived by his wife, Erelu Ojuolape, and children, including, Mrs. Toyin Saraki, wife of former Senate President Bukola Saraki.
In a statement issued on behalf of the Ojora Family by Prince Adewale Taorid Ojora, stated that Otunba Ojora who was born on June 13th 1932, died on January the 28th 2026.
Widely celebrated as one of Nigeria’s most influential corporate leaders of the post-independence era,
Otunba Adekunle Ojora carved an exceptional legacy that spanned journalism, public service, politics, and big-ticket corporate governance.
He was Chairman of the Board of AGIP Nigeria Limited from 1971 until its acquisition by Unipetrol in 2002.
Ojora’s professional journey began in the early 1950s at the British Broadcasting Corporation (BBC) after studying journalism at Regent Street Polytechnic, London.
He rose to the position of assistant editor, and later returned to Nigeria in 1955 to join the Nigerian Broadcasting Corporation (NBC) as a reporter.
He later moved to Ibadan, where he served as an information officer in the office of the then regional premier.In 1961, he transitioned into the corporate world, joining the United African Company (UAC) as Public Relations Manager and becoming an Executive Director in 1962.
His interest in commerce and enterprise deepened in the years that followed, marking the start of a lifelong influence in Nigerian boardrooms.
Following the military coup that ended the First Republic, Otunba Ojora was nominated to the Lagos City Council in 1966.
In 1967, he held two key appointments: Managing Director of WEMABOD, a regional property and investment company, and Chairman of the Nigerian National Shipping Line, succeeding Chief Kola Balogun.
After he left WEMABOD, he expanded his footprint as a major investor and entrepreneur.
Ojora held significant interests in AGIP Petroleum Marketing, NCR Nigeria, and founded several private firms, including Nigerlink Industries, Unital Builders, and Lagos Investments, a holding company. In the wake of the Nigerian Enterprise Promotion Act.
He acquired equity stakes in numerous foreign companies operating in Nigeria, including Bowring Group, Inchcape, Schlumberger, Phoenix Assurance, UTC Nigeria, Evans Brothers, and Seven-Up.
Beyond the boardroom, Otunba Ojora was deeply rooted in tradition. He was the Otunba of Lagos, Lisa of Ife and Olori Omo Oba of Lagos.
News
FCTA workers back to work in compliance with court orders
Our correspondent observed a steady flow of staff across departments, pointing to a gradual return to normal operations within the FCTA and FCDA.
STAFF of the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA) have resumed work following a court order directing the suspension of the strikes action.
Consequently, the main gate of the FCTA Secretariat showed workers arriving and proceeding to their various offices, signalling compliance with the court directive.
Our correspondent observed a steady flow of staff across departments, pointing to a gradual return to normal operations within the FCTA and FCDA.
Schools across the Federal Capital Territory have also reopened, bringing relief to residents and raising hopes that ongoing engagements between government and labour unions will remain peaceful and constructive.
News
UK begins Alison-Madueke’s trial on bribery charges
Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
The alleged corruption trial of the former Minister of Petroleum Resources, Diezani Alison-Madueke commenced on Tuesday at the London’s Southwark Crown Court.
Alison-Madueke sat in the dock alongside oil industry executive Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official.
British prosecutors told the court that Alison-Madueke took bribes including luxury goods and the use of high-end properties from industry figures interested in lucrative oil and gas contracts, when she was minister for petroleum resources between 2010 and 2015 under then-president Goodluck Jonathan and was also briefly president of the Organization of the Petroleum Exporting Countries (OPEC), the first woman to hold either role.
According to Reuters, the 65-year-old is now one of the most high-profile former energy officials to stand trial for alleged corruption, having been charged in 2023 with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denies.
Prosecutor Alexandra Healy told jurors at London’s Southwark Crown Court that Alison-Madueke “enjoyed a life of luxury in London”, where she often stayed, provided by those interested in being awarded or retaining contracts with Nigerian state-owned companies.
Healy said Alison-Madueke was given the use of high-end properties and vast quantities of luxury goods by people who “clearly believed she would use her influence to favour them”.
There was no evidence that Alison-Madueke awarded contracts to someone who should not have had one, Healy said.
But given Alison-Madueke’s role “she should not have accepted benefits from those who were no doubt doing extremely lucrative business in oil and gas with government-owned entities”, Healy added.
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