Speaking ahead of the Rio summit, international chemical firms were keen to convey the message that environmental standards are better if they are implemented globally.

“I think globalisation of standards and definitions, common definitions are good,” said Frank Sherman, president of AkzoNobel’s North America branch.

The reasoning is simple and well-known. Rather than complying with a myriad of environmental laws in different countries, companies prefer dealing with a single set of globally harmonised rules.

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