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Gene modified crop spurs investor revolt
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12-16-2008 5:29 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6ea4716e-361e-46c6-9c5f-0f324f2cbde0/1FF8493B-8BDB-4268-A3A8-B52B770902F6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1" href="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1"><H2>Gene modified crop spurs investor revolt</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1"><P>A group of socially concerned US investors has launched a public campaign calling on food companies not to use a controversial new genetically engineered sugar beet crop that is to be planted for the first time this spring.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1"><P>The Interfaith Center on Corporate Responsibility (ICCR) is calling on consumers to write to 63 companies, including <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:HNZ" symbol="us:HNZ">Heinz</A></B>, Campbell’s Soup, <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:GIS" symbol="us:GIS">General Mills</A></B> and <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:KFT" symbol="us:KFT">Kraft</A></B>, asking them to say they will not use a new sugar beet strain developed by <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:MON" symbol="us:MON">Monsanto</A></B>. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1"><P>Its members have filed shareholder resolutions calling on the <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:MCD" symbol="us:MCD">McDonald’s</A></B> and <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:WEN" symbol="us:WEN">Wendy’s</A></B> restaurants chains and <B><A href="http://markets.ft.com/tearsheets/performance.asp?s=us:SWY" symbol="us:SWY">Safeway</A></B> supermarkets to label products that contain genetically engineered ingredients. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/ca1e5c14-ea3d-11dc-b3c9-0000779fd2ac.html?nclick_check=1">leading food companies, including McDonald’s, Campbell’s Soup, General Mills and Anheuser Busch, had already chosen not to use a variety of genetically engineered ingredients. “This is a front-burner brand, reputation and consumer confidence issue [for the companies],</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1FF8493B-8BDB-4268-A3A8-B52B770902F6/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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