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Stock impact report

Pesticides Coalition: Canada Must Choose Science and Health Over Lobbyists [Yahoo! Finance]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
Company Research Source: Yahoo! Finance
halt plans announced in the latest budget to weaken Canada's pesticide process, and instead launch a long-overdue public debate and comprehensive reform. The Coalition warns that the proposed changes would reduce protections for farmers, public health, and the environment. At the center of the Coalition's concerns is the government's intention to abolish the cyclical re-evaluation of pesticides. Eliminating this mechanism would further weaken a regulatory system that already heavily favours the agrochemical industry and its lobbyists, and puts more power in the hands of a regulator that has lost the trust of the public. The Pest Management Regulatory Agency spent $42 million on the “transformation agenda” between 2022 and 2025, and made no improvements. The Coalition also stresses that the statutory review of the Pest Control Products Act (PCPA) is nearly four years overdue. The law requires parliamentary review at least every seven years, and the last review took place in 2015 Show less Read more
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