Home > Uncategorized > No future? End the Future Fund’s affair with Big Tobacco

No future? End the Future Fund’s affair with Big Tobacco

No future? End the Future Fund’s affair with Big Tobacco.

This is an excellent article calling for the Australian Future Fund to withdraw from tobacco investments, and provides a useful summary of funds in Australia and elsewhere that have banned tobacco from their portfolios.  There is also a Bill before Parliament which would ban the Future Fund from investing in tobacco.

It seems that as in the UK there are powerful financial community interests that seek to retain the freedom to invest in whatever they see fit.  Such a position is incompatible with the FCTC  obligations of the Australian state, so something has to give.  Let’s hope the Australian Government once again shows firm leadership in the battle against tobacco.

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