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 investment, tobacco and/or industry:
“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)
“There is held to be no surer test of civilisation than the increase per head of the consumption of alcohol and tobacco. Yet alcohol and tobacco are recognisable poisons, so that their consumption has only to be carried far enough to destroy civilisation altogether.”
—Havelock Ellis (1859–1939)
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)