Investment in The Tobacco Industry
In September 2009 it was revealed that Croydon Council had around £20m of its pension fund for employees invested in shares in Imperial Tobacco and British American Tobacco. Members of the opposition Labour group on the council, who had banned such shareholdings when in control, described this as "dealing in death" and inconsistent with the council's tobacco control strategy.
Read more about this topic: London Borough Of Croydon
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