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Shareholder to Monsanto: Be Transparent about Genetically Engineered Food Risks
Biotechnology giant Monsanto continues to tout the benefits of genetically engineered crops without seriously acknowledging any risks despite concerns repeatedly raised by farmers, citizen activists and other whistleblowers. Given the desire to satisfy investors and future profitability, it’s not surprising Monsanto has only emphasized the alleged positives of its products.
However, one of its shareholders has urged Monsanto to be more balanced by reporting the potential liabilities (that have already been voiced by many).
According to the Santa Barbara Independent, Harrington Investments Inc. (HII) – a self-identified socially responsible investment advisory firm – submitted in August a “resolution requesting Monsanto publish a study on the financial risks and impacts of its genetically modified products.”
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