Cutting down the ACT’s investment options

johnboy 10 May 2012 2

The Greens’ Meredith Hunter is renewing the push get the ACT Government to divest itself from things of which Greens do not approve.

“Our investments shouldn’t contradict the ACT Government’s own laws and principles, whether it is weapons, labour practices or animal welfare.

“The Government has laws and programs aimed at reducing smoking rates and yet, on the other hand, is investing in big tobacco. That just doesn’t make sense.

The Bill prohibits the investment of public money in four specific activities:
• tobacco
• arms or armaments
• cosmetics that are tested on animals

• the manufacture or sale of products produced using labour in breach of international labour obligations.

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2 Responses to Cutting down the ACT’s investment options
chewy14 chewy14 3:39 pm 10 May 12

Ah Greens, you’ve done it again.

As long as the companies are not consistently breaking the law, then the ACT government should be able to invest in them.

And what level are they talking about? If a multinational has a tiny subsidary company who makes guns or cigarettes, does that rule them out?

switch switch 3:07 pm 10 May 12

Solution in search of a problem?

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