Back to the East India Company Imperialism Future

A combination of giant agricultural firms from the US, Malaysia, China, Gulf oil states, Korea and others are leading the charge to gobble up farmland and forests to grow whatever gives them the highest profit and if it means destroying natural forests - so be it and damn the consequences downstream!

clipped from www.ipsnews.net UGANDA: Palm Project Accused of Environmental Destruction UGANDA: Palm Project Accused of Environmental Destruction The Ugandan government entered into an agreement with BIDCO, the largest manufacturer of vegetable oil in Uganda, and Malaysian palm oil giants Wilmar to set up a plantation and refinery in the Kalangala islands in Lake Victoria. Transnational agribusiness giant Archer Daniels Midland owns shares in both companies. KADINGO says apart from massive application of fertilisers which washes into the lake causing over-production of algae and water weeds with knock-on effects on lake ecosystems, BIDCO has also encroached on national forestry land outside the 7,000 hectares it received from Uganda government.