Sunday, June 24, 2012

British Columbia invests in tobacco industry

Quebec launches $60B lawsuit against tobacco companies, Canadian Press, June 8, 2012
"More than half of Canadian provinces have now sued big tobacco companies in an attempt to recoup health costs, with the Quebec government announcing a $60 billion lawsuit Friday.

"Six provinces have filed similar lawsuits -- British Columbia, Ontario, New Brunswick, Newfoundland, Manitoba and now Quebec -- while the others have announced plans to do the same..."
But, on the other hand, the BC Liberal government's investment agency has a more positive view of the tobacco business.

According to the most recent inventory of bcIMC investments made public, British Columbia holds these equity positions in the tobacco industry:

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