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EU Bank Offers Monsanto a Helping Hand With Public Funds

Society & Culture  (tags: activists, men, americans, children, corruption, crime, culture, death, dishonesty, education, environment, ethics, family, freedoms, government, health, safety, society, usa, women, world )

- 1959 days ago -
" Monsanto, the world's most prominent promoters of GMO crops worldwide, is set to receive $40 million (£25 million) of public financial support via the European Bank for Reconstruction and Development (EBRD)." PLEASE READ, COMMENT, NOTE.

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Ruth R (246)
Thursday January 10, 2013, 5:08 pm
Help please !

Anne F (17)
Thursday January 10, 2013, 5:32 pm
public money should be spent in other ways than funding HUGE corporations

Ruth R (246)
Thursday January 10, 2013, 5:36 pm
Some people will re-post this one -- I hope???

Barb K (1688)
Thursday January 10, 2013, 6:25 pm
A petition would help! TY Ruth!

Carol H (229)
Thursday January 10, 2013, 6:40 pm
they have to be stopped!!!

Rock H (254)
Thursday January 10, 2013, 6:56 pm
There has been no new news on this in nearly a month even though CEE Bankwatch, together with 157 NGOs from all over the world, sent an open letter to the management of the EBRD arguing against the approval of this financial aid package for Monsanto and also calling on the bank to reassess its approach to food security, from a focus on promoting large-scale industrial farming to encouraging more sustainable, biodiversity friendly and smaller scale farms.

The letter called on the European Bank for Reconstruction and Development to drop the proposed $40 million unfunded risk participation in Monsanto’s portfolio in Bulgaria, Hungary, Russia, Serbia, Turkey, and Ukraine.

This letter details Monsanto’s long and controversial history of transferring its risks onto other people and the environment. It argues that support for this company and the agricultural model it represents is highly inappropriate for a multilateral development bank committed in its statute to promoting “environmentally sound and sustainable development”.

Why is the EBRD dragging their feat when the right thing to do would be to deny this proposal? Monsanto has the funds to proceed with their plans even without these guarantees.

Gillian M (218)
Thursday January 10, 2013, 6:58 pm
I doubt that a petition to the bank would help but it is worth a try. - london office - contact details

We need an expert of some kind to do a rebuttal report on GM crops and present it to the bank as environmentally damaging. The real issue is that Mondanto has a lot of money and owns a lot of people or buys them. These crops are often "sold" to the poorer countries where governments are easier to control, one only has to look at what happened to farmers in India where they were promised wonderful crops so bought the seeds. The only problem was that they needed irrigating which was not possible in the area nor were they warned or told. The crops failed (surprise) so over 1,000 farmers committed suicide as their farms were taken in payment. Sadly, the Indian government sell suitable seed at 80% discount.


Lydia S (155)
Thursday January 10, 2013, 7:15 pm
No easy answers , I too doubt a petition would help buit certainly you can try , i have noted and will
forward on .

Christeen A (369)
Thursday January 10, 2013, 7:44 pm
We must work together to get this stopped. Thank you.

Tamara Hayes (185)
Thursday January 10, 2013, 8:11 pm
I read, twittered and google shared this Ruth. I agree with Barb, I think you should create a petition. I think you can count on many of us here at Care2 to sign and share it for you. Good post Ruth!

Kit B (276)
Thursday January 10, 2013, 8:22 pm

I'd sign a petition to stop this. I think many of us would. As if Monsanto needs any help.

Rose Becke (141)
Thursday January 10, 2013, 8:49 pm
I would sign a Petition too

. (0)
Friday January 11, 2013, 6:37 am

lee e (114)
Friday January 11, 2013, 8:31 am
Sadly noted - I think an attempt to counter with a petition is always worth a shot and I'd gladly sign

P A (117)
Friday January 11, 2013, 8:50 am
A petition is worth a try - the only thing that is guaranteed to be ineffective is not opposing them! If the computer lets me I'll send you a star, Ruth, thank you!

Dawn M (142)
Friday January 11, 2013, 9:22 am

Jane H (139)
Friday January 11, 2013, 10:18 am
noted--there is a group working on this---FOod and Water Watch--as well as others. It takes anlot of time, energy and money to change things. Petitions--lots of them work in time.

Anneke Hut (40)
Friday January 11, 2013, 10:50 am
This is very frustrating! Noted and shared.

Angelika R (143)
Friday January 11, 2013, 4:15 pm
This is truely an outrage. What we need is someone (from C2?) who is able to create a petition in AVAAZ, targeting the US, Australia and the EU. The text could be drafted from that letter already sent by CEE Bankwatch. Thx Ruth.

Kristel Tingzon (4)
Saturday January 12, 2013, 3:13 pm
no way!

Fran F (118)
Saturday January 12, 2013, 4:21 pm
As if they need it! Monsanto is once again robbing the public, this time with the connivance of the EU bank!

Vicky P (476)
Saturday January 12, 2013, 7:33 pm
horrible :/ Monsanto needs to shut down, not eat up more money

Giana P (398)
Saturday January 12, 2013, 11:52 pm
I'd gladly sign a petition.

Melania P (122)
Sunday January 13, 2013, 10:51 am
Thank you

Dana W (9)
Sunday January 13, 2013, 9:11 pm
Monsanto is a huge, profitable corporation so I don't know why any government would help fund them.

Frans Badenhorst (582)
Monday January 14, 2013, 3:17 am
I say cut off that helping hand with a LOT of voices......our voices, let it be heard in a petition and every other possible media...

. (0)
Monday January 14, 2013, 10:32 am
Anything is worth a try at this point. If we don't act-who will???

Iona Kentwell (129)
Monday January 14, 2013, 5:35 pm
I sent a letter to the bank on this, thank you Gillian for the link. Dear Sir
I am writing to you with great concern. I have been led to believe that Monsanto has been offered financial support by the EBRD. As Monsanto is a multi billion dollar company whose practices are causing the destruction of our planet's biodiversity as well as the independence of farmers across the globe, for the EBRD to offer them assistance is abhorrent. Monsanto's ethical record is appalling. Their financial record for the small businesses who use their products is appalling. Monsanto is a company whose very existence and their practices are endangering the way of life for thousands of farmers around the world. On top of this they are endangering the very health of our planet. They do not need your financial support nor do they deserve it. If you put your support behind Monsanto you are making a very clear statement to the world, that you do not care for the small business person, that you do not care for the smaller countries, that you do not care for our environment and that you do not care for the future survival of our planet. Is this really the message EBRD wishes to send to the world?
I am asking the EBRD through the Environment and Sustainability department to reconsider this terrible decision.
Ruth, Gillian I wish I could send you stars, but it's too soon. Thank you for all that you do.

Yvonne F (181)
Monday January 28, 2013, 7:42 am
Great post, Ruth!!! What a disgrace!!!!!
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