Home > Uncategorized > BBC News – ‘Sell tobacco shares’ Nottinghamshire County Council urged

BBC News – ‘Sell tobacco shares’ Nottinghamshire County Council urged

BBC News – ‘Sell tobacco shares’ Nottinghamshire County Council urged.

The GP Chairman of the Nottinghamshire Local Medical Committee has called on the council to pull out of tobacco investments, as reported on the local BBC news.

The usual excuses are trotted out by the council, such as it is only 1% of the fund, implying that it is insignificant.  If it is insignificant, then they ought to have no problem selling the stake in tobacco, and shifting the investment to other so-called defensive stocks.

A council investing in tobacco is like a police force investing in organised crime!  Yes it produces a good income, but tobacco costs Nottinghamshire far more than any investment income. Using the ASH ready reckoner tobacco is estimated to cost the county (County and City) just shy of £300m a year.

Why is it investing in a product that costs the county so much and kills over 1800 people there each year?  How can you lead on public health when you part own the very companies that are directly responsible for this death toll?

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