[Greens-Media] Greens to introduce legislation on tobacco divestment

[Adele.Pedder at parliament.vic.gov.au]

Victorian Greens Health Spokesperson Colleen Hartland has announced that 
The Greens will seek to end Victorian Government toxic tobacco 
investments.
Yesterday the Commonwealth Superannuation Corporation announced that they 
will no longer invest in tobacco companies. The Future Fund?s did the same 
in February this year. 
?I am putting the Victorian Funds Management Corporation on notice. If 
they don?t voluntarily divest from tobacco I will introduce a bill early 
next year to force them to do it,? said Victorian Greens health 
spokesperson Colleen Hartland.
"The bill will amend the Victorian Funds Management Corporation Act to 
prohibit the Victorian Government from investing in Tobacco companies."
?Both commonwealth investment funds have now divested from tobacco. It?s a 
disgrace that the Victorian fund continues to invest in unethical 
business.?
?The Victorian Government is investing more than $100 million of 
taxpayers' money in an industry that spreads death and disease."
?I expect the Fund to follow the lead of the Commonwealth Superannuation 
Corporation and the Future Fund, or I will force them to act with 
legislation.?
"Australian Greens health spokesperson, Senator Richard Di Natale 
successfully campaigned for this outcome federally, and I will do the same 
here in Victoria."
For comment: Colleen Hartland 0417 445 845
For more information on the Commonwealth Superannuation Corporation 
announcement go to: 
http://greensmps.org.au/content/media-releases/greens-tobacco-divestment-campaign-bears-more-fruit
**************************************************
Adele Pedder

Electorate Officer
Greens MP Colleen Hartland 
Ph: 9689 6373. Mob: 0422 108 539
colleenhartland.org
75 Victoria Street Seddon 3011
 


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Parliament of Victoria                                                                                                                    . 

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