The University of New Mexico has investments in two major tobacco companies, according to statements obtained by the Daily Lobo via public records requests. The companies are Philip Morris International and British American Tobacco, according to UNM Asset Summary Statements from May-July. In 2023, PMI and BAT had the first- and second-highest net sales out of all tobacco companies worldwide, according to Statista. They both manufacture, market and sell cigarettes and other tobacco products.