ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

New York City lawmakers move to ban Tide Pods, laundry sheets

New York City could ban Tide Pods and other detergent products, arguing they result in microplastics polluting the city's water supply.

Lawmakers in New York City are pushing a ban on Tide Pods and other single-use laundry detergent products in the name of climate consciousness.

City Councilman James Gennaro introduced the legislation earlier this month, dubbed the "Pods are Plastic Bill." It would make it illegal to sell any laundry pods or laundry sheets made with a certain form of alcohol.

"This bill would prohibit the sale of laundry and dishwasher pods, as well as laundry and dishwasher sheets, that include polyvinyl alcohol. It would also require education and outreach to retail and wholesale businesses on compliance with the requirements of this law," a description of the law reads.

If the bill becomes law, those found to be selling affected products would face an initial fine of $400, followed by an $800 fine for a second offense. Every offense past the second would face a $1,200 fine.

AL ROKER YELLS AT NY MAYOR ADAMS' ADMIN FOR DOING REMOTE LEARNING ON SNOW DAY: ‘GIVE THEM THE DAY OFF!'

Polyvinyl alcohol (PVA) is the film that contains detergent in Tide Pods and other similar products. It dissolves when coming into contact with water, but studies have argued that the process leaves behind microplastics that go on to pollute the water supply, according to the New York Post.

ERIC ADAMS WARNS NYC IS ‘OUT OF ROOM’ AMID SANCTUARY STRUGGLE: PEOPLE WILL SOON BE ‘SLEEPING ON THE STREETS’

"They [PVAs] are the most concerning of emerging contaminants," Gennaro told The Post. "It’s important for people to know I’m being very cautious, and we’re taking a science-based approach."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"But I think the science is ultimately going to bear out. This is something council should act upon," he added. "I need a little more [information] but I put the bill out to get everyone’s attention."

If passed, Gennaro's law would not take effect until Jan. 1, 2026.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.