Connecticut Considers Divesting From Gun Manufacturers
State Treasurer
Given that the
"The lack of response by the gun companies to these mass shootings means it is important for the state to use its financial power to make changes," Slossberg said. "I am surprised that we own stock in gun companies and look forward to discussing that issue more with colleagues and our treasurer."
In a letter to Slossberg, Nappier identified the five companies and the value of the state's investments:
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"So many of us in
Slossberg, a Democrat from
Nappier said she has a fiduciary duty to balance the risk and return of the state's retirement funds.
"I believe that common sense gun control measures and whether investment in gun companies will deliver returns that meet the long-term interests of the plans beneficiaries are really two sides of the same coin, neither of which can be ignored," Nappier wrote. "I am charged with making investment decisions in the best interests of the beneficiaries that depend on these assets for retirement. Fiduciary duty requires that I take into account not only the appropriate balance between risk and return, but also the long-term viability of the investment itself."
Since the latest mass shooting two weeks ago at a high school in
Survivors of the shooting have criticized politicians for not banning the assault rifles as well as gun companies that make and sell them.
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