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Occidental College Bars Investments in Makers of Assault Weapons

Occidental College has vowed to avoid investing in companies that manufacture military-style assault weapons and ammunition for sale to the public, the Los Angeles Times reported.

Occidental found that its endowment does not include investments in such companies, and the decision by its Board of Trustees will ensure that the college stays away from them in the future, Christopher C. Calkins, chairman of the board, told the newspaper.

The board’s vote followed the urging of faculty members, who pushed for the move after the December 2012 mass shooting that claimed the lives of 26 victims at a Connecticut elementary school, most of them children.

The executive director of Campaign to Unload, an advocacy group that calls for divestment from the gun industry, said it appeared that Occidental was the first American college to take such a stance.

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