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Same companies targets of province's lawsuit
Jump to full article: CBC News (ca), 2009-06-16
Author: Robert Jones, CBC News
Intro: The records released last week by the New Brunswick Investment Management Corp. show heavy investments in Imperial Tobacco, Rothmans, British American Tobacco, Philip Morris, its parent company Altria Group and R.J. Reynolds.
The provincial government agency that manages the pension funds of public servants, teachers and judges had holdings in those companies worth about $21.2 million on March 31, 2008.
Those same companies are all targets in a lawsuit launched in December 2006 by the province. . . .
"The optics of that aren't great," said Ellen Snider, a spokeswoman for the New Brunswick branch of the Canadian Cancer Society.
"I don't think the government has any choice but to take a close look at this and to consider the possibility that absolutely those [investments] have to be pulled."
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