CP NewsAlert: B.C. to get about $3.7 billion in tobacco lawsuit settlement | iNFOnews | Thompson-Okanagan's News Source
Subscribe

Would you like to subscribe to our newsletter?

Current Conditions Clear  0.4°C

CP NewsAlert: B.C. to get about $3.7 billion in tobacco lawsuit settlement

B.C. Attorney General Niki Sharma responds to questions outside B.C. Supreme Court in Vancouver on Monday Nov. 27, 2023. THE CANADIAN PRESS/Darryl Dyck

VICTORIA - British Columbia Attorney General Niki Sharma says B.C.'s share of a landmark settlement for health damages from the big tobacco firms will be about $3.7 billion.

It's part of a $32.5-billion Canadian settlement between JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. and their creditors after more than five years of negotiations.

Sharma says they have committed to put the money toward health care costs and the health system.

More coming.

Note to readers: This is a corrected story. A previous version incorrectly said British Columbia's share of the settlement is about $3.5 billion. In fact, it is about $3.7 billion.

News from © The Canadian Press, 2025
The Canadian Press

  • Popular penticton News
View Site in: Desktop | Mobile