Bottled water backlash hits Pepsi
Andrew Martin begins his account of the latest Pepsi quarterly report like this: “Tap water is making a comeback. That’s bad news for PepsiCo’s profits.” Sales are down 10%. Why? People aren’t buying as much soda or bottled water. Score one for the environmental movement.
The Environmental Working Group says the plastic bottles are bad for the environment but that’s not all. Its latest report tests the waters and finds plenty of fertilizer and drug residues in them. Oh great.