FL Pension Fund Joins Group Urging Gun Industry To ‘Act Responsibly’
By Tom Knighton
Perceptions of the firearm industry are unlike those of almost any other industry out there. When people misuse a car, no one blames Toyota. When people misuse gasoline, no one blames the gas station.
But when someone does anything at all with a gun, it’s somehow the gun industry’s fault. They’re held to a standard that no other industry has to endure. Now, the Florida state pension fund has joined with a group of investment funds to try and pressure the industry into adopting what they think are the best practices for it.
In other words, they think the industry needs to give a middle finger to their customers for its own good.
Florida has joined a coalition of major pension funds and investment companies that have adopted a set of principles aimed at encouraging gun manufacturers and retailers to act responsibly.
Ash Williams, executive director of the State Board of Administration, which oversees the state pension fund and other investments, said the agreement carries no mandates for gun-related companies. But he said it is designed to raise awareness of issues that could impact the value of investments in the firearms industry.
“We’re not telling anybody, any private company, exactly what they …Read the Rest
Source:: Bearing Arms