Providence pioneered gun divestment in RI

Far be it for RI Future to give Gina Raimondo credit for an initiative pioneered in Providence but that’s exactly what I did yesterday when I applauded her for suggesting the state divest from guns. The State Investment Commission did vote to stop investing in a company that sells guns yesterday, but the Capital City voted to divest from guns back on March 18.

“The City Council has a moral responsibility to ensure that no public money is being used in the manufacture of weapons that are endangering public safety,” said the resolution passed by the Council. “Now, therefore, be it resolved, that the Providence City Councîl does hereby urge the Providence Boaïd of Investment Commissioners to continue its review of the pension investments to determine whether or not its portfolio includes equity firms that have holdings in companies that manufaeîure assauìî weapons and divest from any such firms.”