“Recycling” sometimes (often) includes burning it in waste-to-energy incinerators, which emit CO2 and other pollutants just as if the original oil had been burned directly instead of taking a detour via a plastic product. It would be better to put waste plastic in a carbon storage device, a.k.a. a landfill. At least that way we are caching a little bit of easy-access fuel to help re-bootstrap civilization in case of global catastrophe.

Much plastic recycling is a sham.

1st world business pays 3rd world business to take their plastic for "recycling" (mandatory air quotes). The 1st world gets credit for being a responsible environmentalist. The 3rd world business then dumps the plastic in a river or other convenient but totally not enviro-friendly dumping spot.

It's sort of an open conspiracy at this point. Putting your plastic in the trash may be better for the environment overall.