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Formosa Petrochemical and the Sunshine Project: Environmental Justice Risks in 2022

Published in 2022-06

Responsible Alpha

Formosa Petrochemical Corporations (“FPCC”) owns 57 percent in FG Inc., and FG Inc. owns 100% of FG LA LLC (“Sunshine Project”). According to Moody’s Orbis, FPCC is the global ultimate owner of the Sunshine Project. A Global Ultimate Owner (“GUO”) is the individual or entity at the top of a corporate ownership structure with ultimate legal liability.

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