UC Regents urged to finish gun industry divestment

Activists preparing to mark Saturday’s anniversary of last year’s murderous rampage in Isla Vista, in which six UC Santa Barbara students were killed and 13 were wounded, urged the UC Board of Regents on Thursday to finish divesting the system from any investments in the firearm industry.

Thousands of petition signatures were delivered to the board’s meeting at UCSF’s Mission Bay campus by Allie Clement, a 2012 UC Santa Barbara graduate who hails from Newtown, Conn. — the site of 2012’s schoolhouse massacre. “I couldn’t believe that both my hometown and my college town were affected by gun violence.”

Bob Weiss of Thousand Oaks described to the board how his 19-year-old daughter, Veronika, was among those gunned down by Elliot Rodger that awful day.

“If this body is invested in the gun industry, that means you’re in the gun business, and if you’re in the gun business, I’m in the gun business. I don’t want to be in the gun business,” Weiss said, his voice breaking. “I don’t know how any of you can sleep at night with all of the students who have been killed.”

UC spokeswoman Dianne Klein said the system divested itself of any direct gun-industry investments in 2013, and is now combing through its vast portfolio to see if any of its mutual funds have such stakes; any that are found will be sold, she said.

Josh Richman

Josh Richman covers state and national politics for the Bay Area News Group. A New York City native, he earned a bachelor’s degree in journalism from the University of Missouri and reported for the Express-Times of Easton, Pa. for five years before coming to the Oakland Tribune and ANG Newspapers in 1997. He is a frequent guest on KQED Channel 9’s “This Week in Northern California;” a proud father; an Eagle Scout; a somewhat skilled player of low-stakes poker; a rather good cook; a firm believer in the use of semicolons; and an unabashed political junkie who will never, EVER seek elected office.

  • JohnW

    Good idea. Gun industry stocks are about 15% off their 52 week highs. Percentage of homes with one or more guns is declining, although many who have them go out and buy more each time there is a whiff of gun control following a tragedy. Obama term of office is winding down. Can’t use him anymore to convince the conspiracy crowd to build up their arms and ammo stocks before it’s too late. Boo hoo!