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August 27, 2010

Gates Foundation Criticized for Increasing Monsanto Investment
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And the charity of billionaire Microsoft founder Bill Gates and his wife
Melinda is under criticism following the disclosure it’s substantially
increased its holdings in the agribusiness giant Monsanto to over $23
million. Critics say the investment in Monsanto contradicts the Bill and
Melinda Gates Foundation’s stated commitment to helping farmers and
sustainable development in Africa. In 2007, the Gates Foundation said it
would review its holdings after a lengthy exposé in the Los Angeles
Times revealed it had invested nearly $9 billion in companies whose
practices run counter to the foundation’s charitable goals.