Smoking kills 15,000 Australians every year. So why does Australia have $250 million of taxpayer funds invested in cigarette companies?
The Future Fund was created in 2006 to cover the government's superannuation liabilities. Out of its $80 billion investments, a quarter of a billion dollars is invested in tobacco companies which destroy people’s lives.
Senator Richard Di Natale is a former medical doctor and is the Greens spokesperson for health. In his work as a doctor, he saw first-hand the devastating effects of tobacco-related diseases on Australian people. Richard has been working, both inside the Parliament and outside, to highlight this unethical use of public funds. Now he needs your help.
Did you know that cigarettes cost the country over $30 billion each year, including $600 million in hospital costs? And that’s just the beginning of the burden that tobacco puts on the health system.
It’s time for the Future Fund to remove Australian taxpayers’ money from investments in tobacco companies.