On Tuesday, BASF SE (BAS.XE), the German chemical company, said that it has given up seeking approval for genetically modified (GM) potatoes in Europe after concerted opposition from consumers, farmers and lawmakers. Environmental activists have destroyed GM crops on fields in Europe because they believe that they might harm health and erode biological diversity. BASF said that, "...continued investment cannot be justified due to uncertainty in the regulatory environment and threats [over the destruction of crops]."
BASF will continue its GM crop business in the United States, however, and has even added GM corn as one of its target crops even though the company has stopped its research and development activities into nutritionally enhanced corn in the US "as part of a continuous review of the project portfolio." The US Food and Drug Administration (FDA) is also currently getting closer to issuing final approval of a salmon designed to grow up to five times faster than normal. The salmon would be the first genetically engineered (GE) food animal. See: http://www.examiner.com/article/frankensalmon-could-be-on-the-menu-within-the-next-two-years
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