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
Famous quotes containing the words tobacco industry, investment, tobacco and/or industry:
“You and I both know that Twinkies don’t kill people.... The difference between cigarettes and Twinkies ... is death. The tobacco industry should know: When it comes to Twinkies, I’d rather fight than quit.”
—Henry Waxman (b. 1939)
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“My excuse for not lecturing against the use of tobacco is, that I never chewed it; that is a penalty which reformed tobacco-chewers have to pay; though there are things enough I have chewed which I could lecture against.”
—Henry David Thoreau (1817–1862)
“... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.”
—Anne O’Hagan (1869–?)