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Pharmaceutical firms accused of free-riding on nature as biodiversity fund draws just $7,000

Original: Big pharma accused of ‘free-riding on nature’ as global fund attracts just $7,000 https://www. theguardian.com/environme

At the COP17 biodiversity summit in Cali, pharmaceutical companies are accused of profiting from genetic resources and nature-derived compounds without paying into conservation. A global fund meant to make industry contribute to protecting biodiversity has attracted only about $7,000, drawing criticism that big pharma is exploiting nature while contributing almost nothing to its preservation.

Why now: The tiny sum raised by the global biodiversity fund and pharma's limited contributions have sparked controversy at the COP17 summit.

pharmaceutical industryCOP17 biodiversity summitCaliThe Guardian

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