Bloomberg Philanthropies and the Bill & Melinda Gates Foundation announced on Wednesday that they had started a global fund to help low- and middle-income countries fight legal challenges to their smoking laws by the tobacco industry.
The fund is modest, at least so far, with a total of $4 million from the two charities. But Michael R. Bloomberg, founder of Bloomberg Philanthropies and the financial data and news company Bloomberg LP, said in a conference call with reporters that the investment was more like an initial marker, and that it was expected to grow as more donors joined the effort.
“The fact that there is a fund dedicated to taking on the tobacco companies in court sends a message that they are not going to get a free ride,” Mr. Bloomberg said. “If they say that’s not a lot of money — yes, well, take a look at who’s behind it.”
