The Motley Fool Discussion Boards
Real-Money Stock Picks / Alyce Lomax
|Subject: PEPSI against Prop 37.||Date: 9/25/2012 6:10 PM|
|Author: ttrivenr||Number: 1074 of 2878|
I was excited to be directed to your portfolio today during the Invest Better Event in Los Angeles. I am looking for resources for SRI and look forward to following along.
It's difficult to find companies I feel good about, particularly in the industrial, food, and energy sectors. For example, I got as far down your list as Pepsi (2nd on the list) before finding a conflict (for me). Just today I noticed that Pepsi donated 1.7 million dollars to fight Prop 37 in California. Prop 37 would mandate labeling of genetically engineered foods. See link for prop 37 donations http://www.kcet.org/news/ballotbrief/elections2012/propositi...
Pepsi contains: carbonated water, high fructose corn syrup, caramel color, sugar, phosphoric acid, caffeine, citric acid, natural flavor. High fructose corn syrup comes from corn. Ninety percent of corn grown in the US is GE corn. Most people don't know what the GE corn modification is. One of the Monsanto GE corn modifications is that it is modified to withstand more Round Up Pesticide, which is made by... Monsanto, and which has been shown to deplete soil quality. Frito-Lay products also contain large amounts of GE corn. Pepsi might argue that it is fighting Prop 37 on the basis of cost of special packaging. But the fact that they use GE product shows that they care more about the bottom line than the environment. If the GE food is safe, why not agree to add the labeling to all packaging, not just in California?
Personally I think all Americans have the right to know that the food they are eating has been dosed with large amounts of pesticides and/or herbicides. There was a study published recently that showed mice fed with GE corn were more likely to develop tumors and die earlier deaths. This study has been criticized by supporters of GE foods. http://articles.latimes.com/2012/sep/20/science/la-sci-gmo-f...
For the actual study:
Here's a Vanity Fair article that talks about Monsanto, their seeds and how they were developed to resist Monsanto's own herbicides. Monsanto donated 7 million dollars to fight Prop 37.