Emanuel: Chicago pension funds should divest from gun makers
Chicago Mayor Rahm Emanuel announced another step in his opposition to assault weapons Monday.
The Mayor is asking city pention and retirement fund managers to review their portfolios, to make sure fund managers are not investing in companies that manufacture or sell assault weapons from their investment plans.
“We cannot support or invest in companies that profit from the proliferation of assault weapons and the violence these guns bring to our communities,” Emanuel said.
The comments came as Chicago battles continued gun violence. Last year, homicides jumped 16 percent in Chicago to 506.
The Illinois General Assembly failed to pass an assault weapons ban in the recently concluded lame-duck session. Last month, a federal appeals court threw out the state’s decades-old ban on concealed carrying of a weapon in public.
The Chicago Tribune contributed to this report.