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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Greens slam Future Fund over big tobacco

Posted on 14 February 2013

The Australian Greens have again raised concerns about the Future Fund investing in tobacco companies. The government-owned fund, run by an independent board, has investments of $221 million in 15 tobacco companies, a Senate Estimates hearing was told on Tuesday.
It last purchased tobacco stock in May 2012 in the Czech Republic division of Philip Morris. Greens deputy leader Adam Bandt said it was “outrageous” taxpayers’ money was being used this way………………………………………..Full Article: Source


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