Tue 30th Apr 2013
Future fund: investment tobacco industry
GREAT NEWS: WE TAXPAYERS ARE NO LONGER INVESTING IN KILLER TOBACCO INDUSTRY
“The announcement that the Future Fund is choosing to stop
investing in the killer tobacco industry is welcome,” said Dr Tracy Schrader,
President, Doctors Reform Society. “The Future Fund invests Federal Government
money ie our money, to secure extra money for future spending for us. To date some of that money has been invested
in the tobacco industry because the industry is profitable”.
“Meanwhile the Federal Government has pursued a very strong
anti tobacco policy including the major battle to introduce plain packaging.
The inconsistencies were stark”, said Dr Schrader. “Taxpayers’ money has been invested
in the tobacco industry and at the same time taxpayers’ money is spent fighting
legal challenges against the tobacco industry.”
“Tobacco kills. Taxpayers’ money should not be supporting
the tobacco industry through investment. The Future Fund, independent of the
Federal Government but with strong pressure from the Greens, has finally
recognised this is not the appropriate way to invest taxpayers’ money and
should be commended.”
Dr Tracy Schrader Dr Tim Woodruff
President Vice President
Doctors Reform Society Ph 0401042619
Ph 0408892610
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