Ethical Public Investment (Tobacco) Bill 2017

Public bill · Private Member · Introduced

Public money held or managed by the State would be kept out of tobacco companies. It would stop direct investments in tobacco shares or bonds, and also try to avoid indirect exposure through funds or other investment products, while allowing ordinary index-based derivatives and requiring an orderly exit if money is already tied up. It matters because it prevents taxpayers’ money from supporting a harmful industry and puts ethical limits on how public funds can be invested.

Formal long title

Bill entitled an Act to prohibit the investment of public moneys directly or indirectly in equity or debt securities issued by tobacco companies

Last updated 13 February 2020