Biotech giant Monsanto announced it would spend $4 million on efforts to save the monarch butterfly population after the company’s pesticides have been accused of destroying the insects’ habitat and bringing them to the brink of extinction.
The St. Louis-based company said Tuesday it would contribute $3.6 million over three years to the National Fish and Wildlife Foundation's Monarch Butterfly Conservation Fund. Another $400,000 will go to universities and conservations groups trying to rescue the species.