Natural Society reports
The West Virginia State Supreme Court finalized a big blow to the biotech giant Monsanto this month, finishing a settlement causing Monsanto to pay $93 million to the tiny town of Nitro, West Virginia for poisoning citizens with Agent Orange chemicals. The settlement was approved last year, but details were worked out only weeks ago as to how the funds were to be spent.
The settlement will require Monsanto to do the following:
(Score: 5, Insightful) by bziman on Tuesday July 29 2014, @06:12PM
This is a drop in the bucket for a company the size of Monsanto, and they'll just pass the cost on to their customers. If I poisoned a city, I'd go to jail. Where are the jail sentences for the people who allowed this? Corporations are people, right, until it comes to accountability.
(Score: 2) by Alfred on Tuesday July 29 2014, @06:28PM
Not only that, they pay nothing to individuals and 2/3s of it isn't going anywhere yet.
That is a very big portion resting on a very big conditional and it only goes to more testing. The whole thing is chump change to a big corp and they can probably weasel out of most of it.
(Score: 0) by Anonymous Coward on Wednesday July 30 2014, @01:47AM
This can only be the beginning for the money roll.
Watch how scary it gets when they figure out it actually pays to poison cities.
How much is that testing equipment going to cost?
Who is providing it?
What affiliations to government do they have?
(Score: 0) by Anonymous Coward on Wednesday July 30 2014, @09:08AM
Here a good rule of thumb: Any time you're thinning about writing or saying "they'll just pass the cost on to their customers" stop and think for a bit. Because it's almost always a really dumb thing to say. If a company could successfully raise prices they almost certainly would have already done so, without the need to "pass along" some cost. Cost does not determine pricing. It doesn't have much influence at all unless everybody has the same costs.
(Score: 1) by bziman on Wednesday July 30 2014, @06:04PM
Advice: if you're going to call someone "dumb", make sure you spell check your post before hitting submit.
(Score: 1) by Max Hyre on Saturday August 02 2014, @03:24PM
(Score: 0) by Anonymous Coward on Monday August 04 2014, @08:16AM
Good point. Because a typo that resolves to another English word is the important part of the post. Well spotted!
(Score: 0) by Anonymous Coward on Friday August 08 2014, @10:14AM
You weren't called dumb, you said a dumb thing. The two are not the same. Take the opportunity to learn from it, not merely feel insulted.