10 May 2012

Cutting down the ACT's investment options

| johnboy
Join the conversation

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.

Join the conversation

All Comments
  • All Comments
  • Website Comments

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?

Solution in search of a problem?

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Riotact stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.