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|Subject: PEPSI against Prop 37.||Date: 9/25/2012 6:10 PM|
|Author: ttrivenr||Number: 1074 of 3465|
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.
I'll be voting for Prop 37, and I am more likely to invest in a company that donates in support of the Proposition, and that supports sustainable agriculture in general.
That said, there might be companies in my portfolio that would make some people queasy. Also, Pepsi should be commended for their efforts to diversify their workforce. But I can't invest in a company that sells food with GE High Fructose Corn Syrup.
I keep searching for good companies to invest in, so I look forward to suggestions.
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