Philip Morris, British American Tobacco and Japan Tobacco will pay 32.5 billion Canadian dollars. (approximately US$23.6 billion) to settle a long-standing lawsuit in Canada.
The world’s three largest tobacco companies are willing to pay more than $23 billion in compensation to Canada. USA for the harm caused to the health of smokers. We are talking about the companies Philip Morris, British American Tobacco and Japan Tobacco. It was reported by Reuters.
It was mentioned that the cost is 32.5 billion Canadian dollars. (approximately $23.6 billion) will be paid to settle a lengthy Canadian case. This would be the largest settlement to be paid by tobacco manufacturers anywhere in the world except the United States.
Individuals who became dependent on tobacco between 1950 and 1998, as well as their heirs, may be eligible for payments. Canada’s provincial and territorial governments will also receive refunds.
The final compensation settlement reportedly requires several more rounds of approval, which will take at least the end of the year.
We remind you that, according to the WHO, around 2.7 million people die from tobacco and alcohol every year in Europe.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.