I assume this company has good intentions and in theory it sounds good - reducing / eliminating the need for pesticides and reducing / eliminating disease carrying insects - but ultimately at what cost?
There always doesn't seem to be enough controls on these things at least until ongoing effects can be studied. If the company is so confident about their "product" why do they want to distance themselves from any possible repercussions through regulatory processes.
Oxitec (the organization involved) is a private UK company - one which Monsanto would like to acquire I'm sure (that's if they are not already involved - no proof of this though).
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When will mean ever learn that you don't screw with mother nature.