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palm oil

Agribusiness Earth's New Superhero? Maybe Not.

Corporate actions happens for many reasons. Sometimes they are tied to economic shifts, other times ephemeral political winds are a trigger or as we all know technological revolutions like transgenics can cause major upheavals. This week two major agribusinesses have taken actions to correct some serious wrongs. Mind you, they are not admitting anything, they're just throwing money at two problems that they contributed to originally. Step in the right direction? Yep. Enough to make a major difference? Nope.

Palm Oil

Few food crops illustrate the problems in the global food chain as well as palm oil. Squeezed from the tree’s plum-size bright red fruit, oil palms are remarkably efficient producers of food. Only sugar cane produces more calories of human food per acre. But this globally traded agricultural commodity that is used in 50 percent of all consumer goods takes a great toll -- heart disease, rainforest destruction, threatened extinctions of animals, serious greenhouse emissions and human rights violations.

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