Germany to Ban Glyphosate From End of 2023
04 September 2019 - 9:20PM
Dow Jones News
By Andrea Thomas and Kim Richters
Germany is to enact a complete ban on the controversial
herbicide glyphosate from the end of 2023, part of an environmental
protection program that the government cabinet agreed to on
Wednesday, a spokesman for the German environment ministry
said.
The government has shown concern about the decreasing number and
variety of insects in Germany, and the ban of glyphosate, which
reduces insects' food source by killing plants, aims to protect
them. As part of the program, the German government will makes 100
million euros ($109.5 million) available annually for insect
protection and research efforts.
It also plans to reduce the use of glyphosate significantly in
the period leading up to the ban. The herbicide is approved until
the end of 2022 in Europe.
The controversial herbicide is best known for being an
ingredient in the weedkiller Roundup, a product produced by
Monsanto, part of Bayer AG (BAYN.XE). The companies are facing
lawsuits from more than 18,000 plaintiffs alleging that the product
causes cancer.
A number of countries, including France and Austria, have
already banned or placed restrictions on the use of the
herbicide.
Write to Andrea Thomas at andrea.thomas@wsj.com and Kim Richters
kim.richters@wsj.com
(END) Dow Jones Newswires
September 04, 2019 07:05 ET (11:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Bayer Aktiengesellschaft (PK) (USOTC:BAYRY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bayer Aktiengesellschaft (PK) (USOTC:BAYRY)
Historical Stock Chart
From Apr 2023 to Apr 2024