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Future Fund tobacco investment unethical: Greens

Rachel Siewert 12 Mar 2011

The Australian Greens believe the Federal Government's Future Fund should be subject to revised investment criteria after it was revealed that the Fund holds over $100 million of shares in overseas tobacco companies.

Senator Rachel Siewert, Australian Greens Health Spokesperson said today that the investments were ethically and financially flawed.

"We're trying to break the hold of tobacco on our society and yet for every packet of cigarettes sold, the Futures Fund is better off," Senator Siewert said today.

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Australian National Preventive Health Agency Bill 2010

Senator SIEWERT (Western Australia) (1.14 pm)—The Greens believe that the real challenge for our health system, now and into the future, is managing illness in a way that keeps people out of hospital and well. We believe the evidence is overwhelming that our health policies should focus on keeping people well, preventing illness and better managing illness in the community. We very strongly believe in preventative health measures—and, of course, helping to keep people well is where preventative health comes in.

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