LA college bans assault weapons investments

Occidental College
Occidental College
Flickr Creative Commons

A Los Angeles college is banning future investment in companies that make military-style assault weapons in the wake of mass school shootings.

The Los Angeles Times reported Tuesday that Occidental College trustees recently approved a ban covering stock in firms that manufacture the weapons or high-capacity ammunition for general public sale.

Currently, the college endowment doesn't contain any such investments.

The move was promoted by faculty members who were horrified by the 2012 massacre at Sandy Hook Elementary School in Connecticut and by other school attacks.

Several large public pension funds already have moved to divest themselves of stock in assault weapon manufacturers, including the Los Angeles city pension fund and the California Public Employees' Retirement System.