{"id":42716,"date":"2024-10-19T04:11:27","date_gmt":"2024-10-19T04:11:27","guid":{"rendered":"https:\/\/gyalchisarshog.com\/?p=42716"},"modified":"2024-10-19T04:11:29","modified_gmt":"2024-10-19T04:11:29","slug":"tobacco-firms-to-pay-23-6bn-in-proposed-canada-settlement","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=42716","title":{"rendered":"Tobacco firms to pay $23.6bn in proposed Canada settlement"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">BBC:   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three of the world&#8217;s biggest cigarette companies are nearing a deal that would end a decades-long fight in Canada to hold the firms to account for hiding the health risks of tobacco.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Philip Morris, British American Tobacco and Japan Tobacco would pay C$32.5bn (\u00a318bn; $23.6bn) to smokers and health departments in Canada under the terms of a settlement put forward by a court mediator.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal comes nearly 10 years after a Quebec court in 2015 ruled that the companies were long aware of the links between cigarettes and cancer but failed to warn their customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The landmark decision led the companies to place their Canadian operations in bankruptcy, kicking off years of negotiations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How much each company must pay is still being discussed, according to Philip Morris.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Although important issues with the plan remain to be resolved, we are hopeful that this legal process will soon conclude,&#8221; said Jacek Olczak, chief executive of Philip Morris, which operates in Canada under the name Rothmans, Benson &amp; Hedges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In announcing the deal, the Quebec Council on Tobacco &amp; Health said, if approved, it will mark the first time globally that litigation against Big Tobacco has resulted in direct compensation for victims.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal sends roughly $C6.5bn directly to smokers and their heirs hit by illnesses such as lung or throat cancer, reserving roughly $C4bn for victims in Quebec who first brought the suits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That amounts to awards of up to C$100,000 per person, depending on the illness and where and when the person started smoking.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government health departments would also receive about $C24bn in funds over time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Smokers and ex-smokers had filed suit against the cigarette-makers in 1998.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Quebec court in 2015 ordered the companies to pay damages of about C$15bn, a decision that was upheld in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Philip Morris said that voting on the plan would happen in December this year and if accepted by claimants, a hearing to consider approval of the plan would then be expected in the first half of next year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trudel Johnston &amp; Lesp\u00e9rance, a law firm that represents some of the claimants, notified clients of the update saying they are confident that almost all creditors will vote in favor of its adoption.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some advocacy groups said they were disappointed by the result, warning it would do little to change corporate behaviour and help public health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The settlement provides no roadmap aimed at preventing these very same companies from causing more damage by recruiting new victims, including through new enticing nicotine gadgets,&#8221; Smoking &amp; Health, Physicians for a Smoke-Free Canada and the Quebec Coalition for Tobacco Control said in a joint statement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The groups called the compensation for victims the &#8220;only positive component of this deal&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC: Three of the world&#8217;s biggest cigarette companies are nearing a deal that would end a decades-long fight in Canada to hold the firms to account for hiding the health risks of tobacco. Philip Morris, British American Tobacco and Japan Tobacco would pay C$32.5bn (\u00a318bn; $23.6bn) to smokers and health departments in Canada under the terms of a settlement put forward by a court mediator. The proposal comes nearly 10 years after a Quebec court in 2015 ruled that the companies were long aware of the links between cigarettes and cancer but failed to warn their customers. The landmark decision&#8230; <\/p>\n","protected":false},"author":1,"featured_media":42717,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-42716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/42716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42716"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/42716\/revisions"}],"predecessor-version":[{"id":42718,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/42716\/revisions\/42718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/42717"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}