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Exactly my take. "Plastic" is a huge word covering thousands of compounds. I'm no chemist, but all the plastics I deal with day to day are inert, which is much of the reason we use them.
I'm absolutely in favor of reducing single use plastics, but there's so much plastic in so many things that I can't imagine existing without it. People are rather unreasonably of the "plastic bad" mindset without considering what the alternatives could be.
Not everything can be glass or wood/wood-like substances. Metal has its own environmental concerns. What else is there?
That some of those billions of profits were invested into finding better solutions.