Investment in The Tobacco Industry
In August 2011 it was revealed that Kent Council had around £24m of its pension fund for employees invested in the tobacco industry. The authority has about £13.5m in the Altria Group; £3.6m in Philip Morris; £3.5m in Imperial Tobacco and £3.4m in Japan Tobacco.
Read more about this topic: Kent County Council, Controversies
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] (18351910)
“when her husband came,
complaining about the tobacco spit on him,
they decided to run North
for a free evening.”
—Carole Gregory Clemmons (b. 1945)
“The reason American cars dont 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. Thats why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)