BASF | Pesticide Action Network
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BASF

Marcia Ishii-Eiteman's picture

Syngenta's shopping spree not limited to Black Friday

Over last week’s Thanksgiving holiday, many Americans will have paused to savor the blessings of health, family and community. Some of us will have binged on too much turkey and consumption-crazed Black Friday sales. But for the world’s biggest pesticide and seed biotech companies, the entire year has been one long feeding frenzy. This frenzy culminated in recent months in a multi-billion dollar spending spree in which, reports Bloomberg, three of the "Big 6" pesticide companies (Syngenta, Bayer and BASF) together shelled out over two billion dollars to acquire biopesticide and other “green product” companies.  

Concerns over corporate "greenwashing" notwithstanding, the larger issue here is a new frontier of market-making and corporate consolidation from the people who brought us "DDT is good for me" commercials. 

Marcia Ishii-Eiteman
Marcia Ishii-Eiteman's picture

German biotech giant flees Europe

Last week the giant German pesticide and biotech company (and largest chemical company in the world), BASF, announced its decision to pack up and flee Europe.

Why? For 13 years, ordinary Europeans have stood firm in challenging the right of biotech companies to dump their risky genetically engineered (GE) seeds onto their fields and have steadfastly rejected the intrusion of GE foods onto their plates. They built up an informed and powerful citizens’ movement that has made itself heard, even over the din of the monied GE lobby. For this, hearty congratulations are due to our cousins across the Atlantic!

Marcia Ishii-Eiteman