Calif. teachers’ pension fund will divest from firearms companies

The nation's largest teacher pension fund took the first step…

The nation’s largest teacher pension fund took the first step Wednesday toward divesting from companies that make guns and high-capacity ammunition magazines that are illegal in California.

State Treasurer Bill Lockyer made a motion to begin the divestment process after pension fund officials determined that the fund invests in the owner of a company that manufactured one of the weapons used in the Connecticut school shooting. The California State Teachers’ Retirement System’s investment committee unanimously approved the motion.

“CalSTRS’ action targets ammunition clips that turn ordinary guns into killing machines, assault weapons and other firearms that pose extreme dangers to public health and safety,” Lockyer said.

Source: Judy Lin for The Associated Press

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  • Fred

    That’s it, follow the rest of the gun-grabbing libtards in Calif. The statement from Lockyer is absolutely retarded. “Turn ordinary guns into killing machines?” What in the fuck is he talking about? I can get behind the wheel of an automobile and turn it into a killing machine. I’m so tired of people jumping on the “I hate guns” bandwagon.

  • LETS STOP MAKING 30RD MAGS BECAUSE THOSE ARE WHAT REALLY MAKE A GUN A KILLING MACHINE . THESE PEOPLE HAVE NO IDEA WHAT THEY ARE TALKIN ABOUT . EVEN WITH 10RD MAGS IT WILL ONLY TAKE AN EXTRA SECOND OR TWO TO GET OFF 30RDS .

  • THERE MORALS ARE BASED ON FALSE FACTS . GUNS AND MAGAZINES DO NOT KILL PEOPLE . ITS THE SICK INDIVIDUALS WHO HAVE MENTAL HEALTH ISSUES . WE NEED TO FIX THE HEALTH CARE PROBLEMS FIRST . ALL THEY WANNA DO IS BLAME GUNS AND MAGAZINES . WHAT THE GOVERNMENT DOESNT REALIZE IS THERE GONNA START A WAR WITH THE WRONG PEOPLE . I WILL FIGHT FOR MY 2ND AMENDMENT RIGHTS .

  • FatherPatriot

    Couldn’t have picked a worse time to sell off firearm company stocks…record amount of business/profits going on right now. Oh well they have their principles…