Gates Foundation’s Monsanto Investment Stirs Civil SocietyPublished on 30 August 2010 @ 2:17 pm
Intellectual Property Watch
Sagging stock prices in the second quarter of 2010 attracted the interest of the Bill and Melinda Gates Foundation and the foundation added the Goldman Sachs Group and Monsanto to its portfolio, according to the Dow Jones Newswires. The foundation recently bought about 500,000 shares of the giant biotech company, according to another financial website.
According to civil society organisations, the addition of Monsanto into the Gates Foundation’s portfolio also brings concern about Monsanto’s patenting practices and monopoly over seeds. Civil society is worried that Gates’ interest in Monsanto will worsen the conditions of small farmers in developing countries, and might represent a conflict of interest, according to the Community Alliance for Global Justice.