A fact sheet outlines the toxicity of this form of oil and the resulting ecological devastation from the extraction process. Additional concerns include the excessive use of fresh water, high risk of endangering water supplies, spills, and the data documenting a spiked rate of cancer in communities adjacent to drilling areas.
The heirs of Sam Walton control more than half of the total 3.23 billion outstanding shares in the company. Last year, of the four shareholder resolutions listed on the Proxy Ballot, none garnered more than 17 percent of the voting shares. This year, of the three shareholders resolutions, only one is new: "Request for Annual Report on Lobbying."
You need to know that palm oil, derived from the fruit of the oil palm tree, is a sought-after ingredient for thousands of products from snack foods to shampoo. Its versatility and low cost have made it the most widely used vegetable oil in the world. But, so far, palm oil's popularity has come at a terrible price.