State investment in tobacco is incredible

ON behalf of ASH Ireland I want to express surprise at Finance Minister Charlie McCreevy's justification for investing in tobacco (Irish Examiner, July 21).

State investment in tobacco is incredible
Wed, 28 Jul, 2004 - 01:00

The minister confirmed that the State’s shares in tobacco firms amount to €24m.

It is incredible that the State continues to invest in tobacco and Minister McCreevy’s justification of this contradictory stance is most surprising.

Tobacco companies benefit from investor support - it allows them to expand and develop markets - and investing in them ensures that additional millions of people become addicted to this killer product.

We strongly urge the Government to evaluate its decision to invest in tobacco companies. This industry should not be in receipt of government support of this nature.

Valerie Coghlan

Administrator

ASH Ireland

Northumberland Road

Dublin 2

x

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