States Join Fed's Antitrust Probes of Bayer-Monsanto, Dow-DuPont Mergers
Several U.S. state attorneys general will reportedly join the federal antitrust investigations of the pending multibillion dollar deals between DuPont and Dow Chemical Co and Bayer AG and Monsanto Co, respectively.
An online petition to EU Commissioner for Competition: Margrethe Vestager, and Head of the antitrust Authority in the U.S. Department of Justice to block the Bayer-Monsanto mega-mergerSumOfUs
Consolidation of these four already massive companies into two juggernauts—not to mention ChemChina's $43 billion planned combination with chemical and seeds company Syngenta that cleared U.S. scrutiny in August—will completely reshape the global seed and pesticide markets. If the deals are approved, Dow Chemical and DuPont will create one of the largest chemical makers in the U.S, while Bayer and Monsanto will form the largest seed and pesticide company in the world.
Bayer-Monsanto Merger a '5-Alarm Threat to Our Food Supply' https://t.co/LxMGJTi77P @GreenpeaceAustP @globalactplan— EcoWatch (@EcoWatch)1474707640.0
Reuters reports that about seven states, including California, have joined the probe of Dow's planned merger with DuPont that would create a $130 billion chemical behemoth. A separate group of state attorneys general have also joined the Bayer-Monsanto investigation. The states are reportedly concerned that companies will increase pesticide and herbicide prices for farmers, and will have less incentive to compete and introduce better and cheaper products.
Critics ask, who will hold these agri-tech giants accountable if the deals close? These mega-deals are especially daunting in a time when U.S. farmers are seeing their incomes falling from slumping crop prices.
According to Reuters, the state attorneys general will be able to supply information on how the mergers would affect their jurisdictions and conduct joint calls to gather data from the companies and its critics and supporters of the deals.
"The involvement of the state attorneys general increases scrutiny of the mega deals and will complicate what are already expected to be tough and lengthy reviews by U.S. antitrust enforcers," Reuters wrote.
Consumer groups have also expressed fears that "farmers get paid less for their crops, more pesticides are used and there are fewer options for consumers at the grocery store," as Wenonah Hauter, the executive director of Food & Water Watch, told EcoWatch after the announcement of Bayer's $66 billion acquisition of Monsanto in September.
The state attorneys general will reportedly investigate DuPont's Altacor and Dow's Intrepid, two chemically different but overlapping insecticides applied on high-value crops such as almonds, pistachios, grapes and apples.
Another concern is Bayer and Monsanto's overlapping cotton seeds. Bayer licenses genetic traits that make seeds resistant to the herbicide Liberty, while Monsanto licenses traits that make seeds resistant to its herbicide Roundup.
"One of the worst things you could do is to link Liberty and Roundup in the same company," Peter Carstensen, a law professor at the University of Wisconsin and leading agricultural antitrust expert, told the Dispatch. "There's no incentive for somebody to develop a third alternative."
DuPont and Dow told Reuters in separate statements they expected to win approval for their deal. Bayer said, it's looking forward to "working diligently with regulators to ensure a successful close." Monsanto did not comment.
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The speed and scale of the response to COVID-19 by governments, businesses and individuals seems to provide hope that we can react to the climate change crisis in a similarly decisive manner - but history tells us that humans do not react to slow-moving and distant threats.
A Game of Jenga<p>Think of it as a game of Jenga and the planet's climate system as the tower. For generations, we have been slowly removing blocks. But at some point, we will remove a pivotal block, such as the collapse of one of the major global ocean circulation systems, for example the Atlantic Meridional Overturning Circulation (AMOC), that will cause all or part of the global climate system to fall into a planetary emergency.</p><p>But worse still, it could cause runaway damage: Where the tipping points form a domino-like cascade, where breaching one triggers breaches of others, creating an unstoppable shift to a radically and swiftly changing climate.</p><p>One of the most concerning tipping points is mass methane release. Methane can be found in deep freeze storage within permafrost and at the bottom of the deepest oceans in the form of methane hydrates. But rising sea and air temperatures are beginning to thaw these stores of methane.</p><p>This would release a powerful greenhouse gas into the atmosphere, 30-times more potent than carbon dioxide as a global warming agent. This would drastically increase temperatures and rush us towards the breach of other tipping points.</p><p>This could include the acceleration of ice thaw on all three of the globe's large, land-based ice sheets – Greenland, West Antarctica and the Wilkes Basin in East Antarctica. The potential collapse of the West Antarctic ice sheet is seen as a key tipping point, as its loss could eventually <a href="https://science.sciencemag.org/content/324/5929/901" target="_blank">raise global sea levels by 3.3 meters</a> with important regional variations.</p><p>More than that, we would be on the irreversible path to full land-ice melt, causing sea levels to rise by up to 30 meters, roughly at the rate of two meters per century, or maybe faster. Just look at the raised beaches around the world, at the last high stand of global sea level, at the end of the Pleistocene period around 120,0000 years ago, to see the evidence of such a warm world, which was just 2°C warmer than the present day.</p>
Cutting Off Circulation<p>As well as devastating low-lying and coastal areas around the world, melting polar ice could set off another tipping point: a disablement to the AMOC.</p><p>This circulation system drives a northward flow of warm, salty water on the upper layers of the ocean from the tropics to the northeast Atlantic region, and a southward flow of cold water deep in the ocean.</p><p>The ocean conveyor belt has a major effect on the climate, seasonal cycles and temperature in western and northern Europe. It means the region is warmer than other areas of similar latitude.</p><p>But melting ice from the Greenland ice sheet could threaten the AMOC system. It would dilute the salty sea water in the north Atlantic, making the water lighter and less able or unable to sink. This would slow the engine that drives this ocean circulation.</p><p><a href="https://www.carbonbrief.org/atlantic-conveyor-belt-has-slowed-15-per-cent-since-mid-twentieth-century" target="_blank">Recent research</a> suggests the AMOC has already weakened by around 15% since the middle of the 20th century. If this continues, it could have a major impact on the climate of the northern hemisphere, but particularly Europe. It may even lead to the <a href="https://ore.exeter.ac.uk/repository/handle/10871/39731?show=full" target="_blank" rel="noopener noreferrer">cessation of arable farming</a> in the UK, for instance.</p><p>It may also reduce rainfall over the Amazon basin, impact the monsoon systems in Asia and, by bringing warm waters into the Southern Ocean, further destabilize ice in Antarctica and accelerate global sea level rise.</p>
The Atlantic Meridional Overturning Circulation has a major effect on the climate. Praetorius (2018)
Is it Time to Declare a Climate Emergency?<p>At what stage, and at what rise in global temperatures, will these tipping points be reached? No one is entirely sure. It may take centuries, millennia or it could be imminent.</p><p>But as COVID-19 taught us, we need to prepare for the expected. We were aware of the risk of a pandemic. We also knew that we were not sufficiently prepared. But we didn't act in a meaningful manner. Thankfully, we have been able to fast-track the production of vaccines to combat COVID-19. But there is no vaccine for climate change once we have passed these tipping points.</p><p><a href="https://www.weforum.org/reports/the-global-risks-report-2021" target="_blank">We need to act now on our climate</a>. Act like these tipping points are imminent. And stop thinking of climate change as a slow-moving, long-term threat that enables us to kick the problem down the road and let future generations deal with it. We must take immediate action to reduce global warming and fulfill our commitments to the <a href="https://www.ipcc.ch/sr15/" target="_blank" rel="noopener noreferrer">Paris Agreement</a>, and build resilience with these tipping points in mind.</p><p>We need to plan now to mitigate greenhouse gas emissions, but we also need to plan for the impacts, such as the ability to feed everyone on the planet, develop plans to manage flood risk, as well as manage the social and geopolitical impacts of human migrations that will be a consequence of fight or flight decisions.</p><p>Breaching these tipping points would be cataclysmic and potentially far more devastating than COVID-19. Some may not enjoy hearing these messages, or consider them to be in the realm of science fiction. But if it injects a sense of urgency to make us respond to climate change like we have done to the pandemic, then we must talk more about what has happened before and will happen again.</p><p>Otherwise we will continue playing Jenga with our planet. And ultimately, there will only be one loser – us.</p>
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