Pepsico, Quaker Oats & GMO: You’re On Your Own
From: Corporate Greed Chronicles
Pepsico...Just to Big for its Own Good
PepsiCo Inc. is a Fortune 500 global conglomerate with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which include an acquisition of Tropicana in 1998 and a merger with Quaker Oats in 2001 – which added the Gatorade brand to its portfolio as well.
Since 1989 Pepsico has contributed more than $10 million to federal and state political campaigns, and since 1997 they have spent an additional $28 million on lobbying. Topping their politician recipient list is former Pennsylvania House Speaker John M. Perzel, the alleged mastermind of the $13 million “Computergate” scandal that pled guilty to corruption charges and is currently awaiting sentencing. Rick Perry comes in number two, with Ed Rendel, Barack Obama and George W. Bush rounding out the top five.
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We don’t know what Pepsico got from the money they gave to Perzel, but we do know at least one thing they are getting from their lobbying investment: So far, it has kept GMO warning labels off of their products.
“GMO” stands for “genetically modified organism”, i.e. organisms whose genetic material has been artificially altered using genetic engineering techniques. The USA is the largest commercial grower of genetically modified crops in the world, and at least 75% percent of the processed foods consumed in America contain GMO ingredients.
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GMOs are banned or significantly restricted in 30 other countries around the world, including Australia, Japan and all of the nations in the European Union. But here in the Corporate States of America, consumers aren’t even given the benefit of GMO warning labels.. Read the rest of this story..
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