News Formal

Tobacco companies to pay billions but experts say little incentive to shift away from harmful products

  • 📰 SooToday
  • ⏱ Reading Time:
  • 15 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 85%

Health News

Tobacco,Settlement,Health Risks

Three major tobacco companies in Canada will pay nearly $25 billion to settle lawsuits filed by smokers and their families. However, experts say the agreement does little to encourage them to abandon traditional tobacco products in favor of less harmful alternatives.

Tobacco policy experts say without further pressure, major companies are unlikely to shift their business models toward less harmful alternatives despite a proposed settlement reached that would see three industry giants pay out billions to smokers and their families.

More than $4 billion would go to Quebec class-action members and another $2.5 billion would be paid to smokers in other provinces and territories who were diagnosed with lung cancer, throat cancer or chronic obstructive pulmonary disease between March 2015 and March 2019.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tobacco Companies Propose $25 Billion Settlement in CanadaCanadian tobacco companies are proposing a nearly $25 billion settlement to resolve legal claims related to the harm caused by smoking. The proposed deal would see billions of dollars paid out to provinces and territories, smokers, and their loved ones.
Source: CP24 - 🏆 30. / 67 Read more »