BMJ Feature on LA Pension Fund Investments in Tobacco
BMJ Feature on LA Pension Fund Investments in Tobacco
The BMJ (British Medical Journal) has today published a feature article highlighting the scale of local authority pension fund investments in tobacco companies, which includes reference to the findings of this Blog that the investments stand at £1.6 billion.
A must read feature.
Latest version of tobacco investments spreadsheet just posted with Westminster now added (no direct investments). Just Hammersmith and Fulham yet to respond.
News article on LA tobacco investments
Environmental Health News has published a good online article today based on my research.
Local authority tobacco investments exceed £1.6 billion
I have just uploaded a further revision as Kensington & Chelsea supplied data today. Just 3 London Boroughs remain.
I’m starting to get some press interest. watch this space.
Spreadsheet available here: http://www.scribd.com/stewartbrock
Spreadsheet update
I have just uploaded a revised spreadsheet as I now have Brent and Hackney’s data available. As the remaining London Borough data comes in I will post updates.
Please note the spreadsheet is best downloaded as you cannot see all columns in the online version. Alternatively contact me for the excel spreadsheet by email.
Also note that West Yorkshire is only a partial picture as I am awaiting the outcome of my appeal to the Freedom of Information Commissioner regarding West Yorkshire’s refusal to divulge tobacco holdings.
Local authority pension fund tobacco investments revealed
Local authorities which continue to invest directly in tobacco companies which are responsible for the 80,000 smoking attributable deaths in England each year, need to recognise that they can have no credibility as public health leaders if they maintain these investments. How can they take responsibility for public health improvement if they have shares in what is still the largest single cause of premature death and also a major driver of health inequalities? How can they justify to their communities lending money to tobacco companies (in return for bonds) that will be used to addict more young people here and abroad?
You can see the full list here.
Please download from the Scribd site to see all columns easily.
(this scribd link has been amended today due to an upload error which included old data. Apologies for any confusion arising)