cover image: Dressed to Kill : Fashion brands’ hidden links to Russian oil in a time of war

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Dressed to Kill : Fashion brands’ hidden links to Russian oil in a time of war

15 Nov 2022

Fashion is still supporting the Russian economy amid war The plastic workhorse of the fashion industry In February 2022, in response to Russia’s full-scale invasion of Ukraine, companies across the world faced pressure Our investigation focused on the supply chain of polyester, as it is the most used fibre in the fashion industry, to suspend trading and operations in Russia to signal their condemn. [...] Overview Reliance Industries is India’s largest company listed on the Global Fortune 500 (placed 155th).37 The company claims that it is the largest producer of petrochemicals in the country and among the top ten in the world.38 It is also said to be the world’s largest integrated producer of polyester fibre and yarn, the second-largest producer of paraxylene and among the top ten producers of PTA. [...] The ‘carte blanche’ Refinery storage granted to the company, along with examples of government adapting rules to benefit the company, and the revolving doors between the government and Reliance Industries employees, reveal the tight nexus between the oil giant and the Indian government. [...] One name Links with the government and the media to emerge was that of Jairaj Sampat’s, who was the Managing Director of Reliance Global in The Netherlands; however, the probe against Mukesh Ambani and his family was closed in 2022,103 stating there was not sufficient The following two scandals speak loudly of the nexus between Reliance Industries and the Indian government. [...] Recent studies have linked ethylene and propylene, which is then used as a raw material in downstream operations of the company.161 The one-third of the dramatic spike in global methane emissions over the past decade to the dramatic increase in fracking of shale oil and gas reserves in the US point of export for most of these shipments is believed to be Morgan Point at the port of Houston.
Pages
37
Published in
Netherlands