Oakland Makes Divestment from Gun Companies Official Policy

The Oakland City Council voted last night to divest the city as completely as possible from firearms and ammunition manufacturing companies. The resolution, brought forth by City Attorney Barbara Parker, prohibits the city from holding investments in gun and ammo companies, urges the city’s old Police and Fire Retirement (PFRS) and Municipal Employees Retirement (OMERS) pension systems to divest from gun and ammo companies, and also urges other cities and state agencies to follow suit.

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