Monday, 3 September 2007


The world's biggest philanthropic foundation is reaping huge profits investing in companies responsible for causing the problems it tries to solve. Its grant-giving is also doing more harm than good in undermining health and agricultural systems, distorting national and global priorities, and preventing the necessary paradigm change that could help secure the future of the planet, says an article for ISIS at

The Los Angeles Times reports: "... the Gates Foundation has holdings in many companies that have failed tests of social responsibility because of environmental lapses, employment discrimination, disregard for worker rights, or unethical practices." The Gates Foundation has spent at least US$75 million on biotech projects so far, many of which appear to involve genetic engineering. These include not only GM crops but GM mosquitoes, which are supposedly designed to fight malaria and dengue fever but which are an unproven approach.

No comments: