Scientific Impact
The Food and Drug Administration standards for GM food products (chips, cereals, potatoes, etc.) is based on the principle that they have essentially the same ingredients, although they have been modified slightly from the original plant materials.
Oils made from bioengineered oil crops have been refined, and this process removed essentially all the GM proteins, making them like non-GM oils. So even if GM crops were deemed to be harmful for human consumption, it is doubtful that vegetable oils would cause harm.
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