Emanuel says city pension funds should divest from gun makers













Mayor Emanuel


"We're going to divest of any investment in any gun manufacturer:" Mayor Rahm Emanuel.
(Nancy Stone, Chicago Tribune) / January 14, 2013)



























































WASHINGTON -- Chicago Mayor Rahm Emanuel said Monday he was requesting all city pension funds to divest any investments they have in gun manufacturers.

"We're going to divest of any investment in any gun manufacturer," he said.

He said he would lead a charge of mayors across the country urging them to do the same.

Emanuel spoke at the Center for American Progress Action Fund and called for a comprehensive approach to gun control.

The divestment was one of the steps he embraced. It wasn't immediately clear how much, if any, city pension funds have invested in gun manufacturers, so it's possible the move could be symbolic.

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.

kskiba@tribune.com




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