Food companies Monsanto, Dupont, Pepsico and Nestle spend $45 million to defeat California GM label bill Prop 37November 5, 2012
Source: The Guardian
The contentious measure would require labels on GM food sold in supermarkets, but would not cover restaurants.
Monsanto and other agribusiness and food companies have spent more than $45m (£28m) to defeat a California ballot measure that would require labelling of some GM foods.
The measure, proposition 37, is one of the most contentious initiatives on California’s election ballot on Tuesday.
If it passes, it would require labels on GM food sold in supermarkets, but would not cover restaurants. It also has a number of gaping loopholes. For example, the law would not require labels on meat from animals that were fed GM corn.
Even with those caveats, the agribusiness and food companies have outspent the yes side by about five to one trying to kill the bill. Monsanto alone has spent more than $8m.