The Supervisory Board of the Fonds de Réserve pour les Retraites (FRR) adopted the Executive Board’s proposal to exclude from its portfolio investments in equities or bonds of tobacco producing companies. “The FRR also believes that progress will not be achieved by dialogue with these companies, because the whole purpose
French insurer AXA plans to stop investing in the tobacco industry, citing the impact of smoking on public health, and said it plans to sell its 1.8 billion euros ($2.02 billion) of assets in the sector. AXA said it would divest its 200 million euros of equity holdings in tobacco
ASH releases analysis of trade threats to U.S. domestic tobacco control policies.
WASHINGTON — An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment “expectations” and hurt their business, according to a classified document. Read more>
ASH Review: Second Quarter Edition 2013 In May, the 17th round of negotiations for the Trans-Pacific Partnership (TPP) was held in Lima, Peru. ASH representative Eduardo Bianco travelled to Lima to meet with delegates and educate them on the urgency of the tobacco issue. Once again, the U.S. failed to
From May 29-30, the United States Trade Representative held hearings on the upcoming negotiations for the Transatlantic Trade and Investment Partnership (TTIP). May 20, 2013, ASH’s Chris Bostic testified about tobacco, urging the U.S. to exclude it from the treaty. The text of his verbal comments is below. To read
THE taxpayer-owned Future Fund is profiting handsomely from tobacco investments, despite Canberra’s plain packaging laws. As the High Court’s landmark ruling in favour of plain packaging triggered a slide in global tobacco stocks, latest figures show the fund’s tobacco shares, valued at $210 million, have delivered far higher returns than
h How can you remove tobacco from trade treaties without harming trade for useful products? h h h h When has the tobacco industry sued a country for trying to protect their citizens’ health? h What makes it irreconcilable? h How many people have died since tobacco started benefiting from
