Oakland Tribune: Oakland divests from firearms & ammo makers
By Josh Richman
Oakland City Council unanimously passed a resolution Tuesday night to prohibit the city from holding investments in firearms or ammunition manufacturers.
Council President Pro Tem Rebecca Kaplan, City Attorney Barbara Parker and Vice Mayor Larry Reid had co-authored the measure, which they say is part of the city’s ongoing effort to reduce gun violence. Councilman Dan Kalb requested that the resolution, which originally covered only firearms manufacturers, be expanded to include ammunition companies as well.
“There is a well-funded corporate effort pushing against our work to stop gun violence,” Kaplan said in a news release. “And Oakland is now formally part of a national movement that includes cities like Chicago and Los Angeles – communities committed to stopping so many tragedies that take place at the hands of a gun.”
The resolution declares a city policy prohibiting the Oakland from holding any investment or ownership stake in any manufacturer of firearms or ammunition; directs the city administrator to examine the city’s holdings and future investments to assure that the city complies with this policy; urges the Police And Fire Retirement System Board and the Oakland Municipal Employees Retirement System Board to adopt similar policies; and urges other state and local jurisdictions to prohibit investment of their public funds in manufacturers of firearms or ammunition.
The city also recently has moved to enlarge its police force, and has endorsed the reenactment of a federal assault-weapons ban as well as a state bill to regulate ammunition sales.
“By taking action here to send a message to weapons manufacturers, Oakland is showing its commitment to big-picture efforts to reduce gun violence here and in communities across America,” Kaplan said.