UK. Anti-smoking council has £85m invested in tobacco companies
Millions of pounds is invested in tobacco companies by the councils responsible for public health, the Post can reveal.
The pension fund, which is administered by Nottinghamshire County Council and used by several other organisations throughout the county, has £85,728,471 currently invested in tobacco companies.
It has £18,270,051 worth of shares in Imperial Tobacco, £57,062,838 in British American Tobacco, £4,731,484 in Philip Morris, £1,671,729 in Japan Tobacco and £3,992,369 in Altria, the parent company of Philip Morris according to the latest available figures.
The pension fund is administered by a group from the county council, which is also made up of stakeholders from the city council, district councils, and representatives from the 50 other organisations were are involved in the pension scheme.
Full Content: Nottingham Post
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