In a recent CBS’ “60 Minutes” interview Bill and Melinda Gates talk about their foundation and efforts to help feed the world and improve education around the world. But did you know that their foundation bought 500,000 shares of Monsanto stock in 2010?
Monsanto and the Bill and Melinda Gates Foundation
Bill and Melinda Gates are considered to be one of the world’s most generous philanthropists and their desire to feed the hungry and heal the sick is extremely worthy. But their foundation’s investment portfolio makes you wonder why they would choose to invest in, ally with and otherwise get in bed with Monsanto?
In his article Dr. Mercola talks about Gates’ plan to end world hunger by growing more genetically modified (GM) crops.
He’s already invested $27 million into Monsanto Company—leading some countries to reject his charity due to the high risks, such as:
- New disease vectors
- Mutated pesticide-resistant insects
- Resistant “superweeds”
- Contamination of surrounding non-GM crops
Seattle-based Agra Watch, a project for the Community Alliance for Global Justice, pointed out in a press release that this partnership between the Gates’ Foundation and Monsanto will allow both to profit at the expense of small farmers.
“The Foundation’s direct investment in Monsanto is problematic on two primary levels,” said Dr. Phil Bereano, University of Washington Professor Emeritus and recognized expert on genetic engineering. “First, Monsanto has a history of blatant disregard for the interests and well-being of small farmers around the world, as well as an appalling environmental track record. The strong connections to Monsanto cast serious doubt on the Foundation’s heavy funding of agricultural development in Africa and purported goal of alleviating poverty and hunger among small-scale farmers. Second, this investment represents an enormous conflict of interests.”
Read the full article here.
It’s disheartening to know that the Gates’ Foundation generosity is being directed toward Monsanto. They need to know that GM crops are not the way forward. The Sustainability Education Network had a petition on Care2 which was very well-written. It got just short of the 3,000 signatures they wanted. Tell them you want their petition re-opened here.