Minderoo Foundation, a global philanthropic organization, announced a $300 million commitment to a new industry-focused initiative to end worldwide plastic waste.
The initiative, called “Sea The Future,” is projected to raise in excess of $20 billion annually for global recycling, collection and environmental remediation.
“Industry, fully supported by governments and regulators, is the only sector that can drive the urgent, global shift needed to save our oceans from plastic waste,” said Andrew Forrest, founder and chairman of Minderoo Foundation, in a statement.
