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Posted: January 30th, 2013 | Filed under: Events, Press | Tags: Activism, Activist, Annual Shareholder Meeting, CEO, Creve Coeur, Demonstration, E.B. Solomont, gmo, GMO Labeling, Harrington Investments, hugh grant, Missouri, MO, Monsanto, monsanto shareholder meeting, Napa, Occupy Monsanto, Protest, proxy, SEC, Shareholder Resolution, St. Louis, St. Louis Business Journal, U.S. Securities and Exchange Commission, Vote |
By E.B. Solomont, Reporter, St. Louis Business Journal
Food activists plan to protest outside Monsanto Co.’s shareholder meeting Thursday, calling on the $13.5 billion seed company to be more transparent.
The activists also hope to draw attention to a shareholder proposal to study “material financial risks or operational potential impacts” on Monsanto associated with seed contamination from genetically modified organisms, among other things.
“Monsanto pledges transparency, but provides very little,” says Adam Eidinger, an activist and Monsanto shareholder, who plans to speak at the meeting, which will take place at Monsanto’s Creve Coeur headquarters.
Reached by phone, Eidinger said he would speak on behalf of Harrington Investments of Napa, Calif., which submitted the shareholder proposal.
Eidinger said he personally holds 75 shares of Monsanto stock. “This is about the food people eat,” he said. “I am a shareholder; I’m also an activist who wants to see the company reform in a major way.”
The board of Monsanto, led by Chairman and CEO Hugh Grant, is against the proposal. “Disclosure of material financial risks or operational impacts on the company is required by SEC reporting requirements, and we take seriously our responsibility to identify, analyze and transparently report such risks or potential impacts,” company officials said in a Dec. 10 proxy document filed with the Securities and Exchange Commission.
In the filing, officials cited various programs — including a technology use guide, ongoing dialogue with seed users and academics, and ongoing discussions to determine best practices, among other things. “An additional report to restate such risks or impacts as suggested in the proposal would be redundant and provide no meaningful additional information to shareowners,” the proxy stated.
Source: St. Louis Business Journal
Posted: September 18th, 2012 | Filed under: Press | Tags: Activist, California Grocers Association, Chemical, Demonstration, Dow, Dupont, food, gmo, GMO Labeling, labeling, March, Monsanto, Occupellas, Prop 37., Proposition 37, Ronald K. Fong, San Diego Reader, Women, Women Occupy San Diego |
Photograph by Dave Rice
Women Occupy San Diego lead rally supporting Prop 37
Dave Rice, September 18, 2012, San Diego Reader
Yesterday saw a handful of new developments in the push to align voters either in favor of or against Proposition 37, a measure that would require food producers who knowingly use genetically modified crops to label them as such, and prevent such producers from referring to their products as “natural.”
Women Occupy San Diego, one of the lasting and perhaps most prominent local groups to emerge from the Occupy Wall Street movement that began one year ago yesterday, organized a rally at the Hillcrest headquarters of Canvass for a Cause on Monday afternoon.
Several speakers decried the potential health impacts from genetically altered products, noting that the products have been shown to contain increased levels of allergens and that modified crops, marketed by chemical giant Monsanto as “Roundup-ready,” are treated with considerably higher doses of herbicides, as the seeds have been engineered to resist the effects of the company’s signature weed killer, allowing farmers to douse their entire crops at will to control weeds.
The Occupellas, a chorus group featuring members of Women Occupy, sang familiar yet re-branded tunes such as “Old Monsanto Had a Farm,” and a crew of demonstrators arrived with a large “Monster of Monsanto” prop that accompanied the crowd, which had swelled to over 100, as they marched toward the SR-163 overpass at Robinson Avenue.
Original plans had called for a second group of protesters to demonstrate on the bridge crossing University at the 163, but as of shortly after 5 p.m. only one bridge was occupied. Several police cruisers stood by to survey the action, but neither the demonstrators nor members of the public seemed inclined to violence.
Meanwhile, backers and detractors of the Prop 37 campaign sent out dueling press releases.
The Yes contingent seeks to draw attention to new funding received by its opponent, information made public by the state last Friday. Monsanto gave the No campaign another $2.9 million, raising its total stake in defeating the proposition to $7.1 million. Other pesticide companies recently upped their investments, including DuPont ($874,800), Dow AgroSciences ($815,200), Bayer CropScience ($381,600), BASF Plant Science ($357,700), and Syngenta ($178,700).
These groups, which measure proponents are calling the “Big 6 pesticide firms” have contributed $19 million of the $32 million raised so far by those opposing the proposition.
Others investing heavily in defeating Prop 37 include Pepsi ($1,716,300 to date), Nestle USA ($1,169,400), Coca-Cola ($1,164,400), and ConAgra Foods ($1,076,700). At number 7 on the list of highest donors, only Nestle USA (itself a subsidiary of the Swiss parent company) is based in California.
Opponents of 37 didn’t leave long to question where the influx of cash would go, announcing a major buy of radio ads to be aired statewide beginning yesterday.
“Prop. 37 is about the right to sue,” says California Grocers Association president Ronald K. Fong in a statement accompanying the ad copy. “And when it is time to sue, grocery retailers will be at the head of the line to get hit with a lawsuit. Lawyers need no proof, no damages prior to filing the lawsuit.”
The ad makes similar claims, and also says that the new labeling requirements would “increase food costs for a typical California family by hundreds of dollars per year” while “[giving] trial lawyers a special new right to file shakedown lawsuits.”
The ad closes by advertising “FactsOn37.com,” a website that was not active as of Monday evening, though the campaign website makes many similar claims and links to the study that is the basis of the figure given on higher food costs, finding that the costs of food prices could rise $4.5-$5.2 billion if the proposition is passed, mainly because producers would prefer using non-bioengineered crops to having to disclose their continued use.
“It’s an infinitesimal amount cost per product, but they’re going to say it’ll cost you hundreds,” predicted Jeffrey Smith, a consumer activist and author on genetically modified crops, in a statement about a week before the survey was posted to the No on 37 website. Smith was speaking about the cost of continuing to use the same products while producing packaging compliant with the new law, which producers are widely expected to shy away from due to real or perceived concerns from consumers regarding laboratory-altered food.
While no other U.S. state currently has such a law on the books, 50 countries including China, India, Japan, and all of Europe requires such disclosure.
Source: San Diego Reader