Rhode Island to divest from private prisons, gun makers

General Treasurer Seth Magaziner is joined by Erica Keuter of East Greenwich, a survivor of the 2017 mass shooting in Las Vegas, as he said Rhode Island would divest its holdings in four companies that either make assault weapons or run private prisons. Photo by Steve Klamkin WPRO News

WPRO News and The Associated Press 

Rhode Island’s state treasurer says the state’s public pension fund will stop investing in companies that operate private prisons and make assault-style weapons for sale to civilians.

General Treasurer Seth Magaziner made the announcement at a news conference Wednesday to reveal details of the policy.

“If Rhode Island as a state is going to be a place that is moral and just and ethical, we cannot associate with companies that profit off of human suffering,” Magaziner said.

Erica Keuter, of East Greenwich, a survivor of the October 2017 mass shooting in Las Vegas that killed 58 people, attended.

“The carnage that one person did with those assault rifles, I pray every day that nobody has to experience it,” Keuter said. “Yet here we are two years later and we continue to have mass shootings with these type of rifles.”

Magaziner’s office says only three other state pension funds have taken similar action, and Rhode Island is the first to announce divestment from both private prisons and assault weapons manufacturers at the same time

 

  • Ken Vee

    “If Rhode Island as a state is going to be a place that is moral and just and ethical, we cannot associate with companies that profit off of human suffering,” Magaziner said.
    This from the general treasurer of a state where there is no line in the sand of gestation where a person in the womb, from the nascent to the viable, has any absolute right to exist and human beings on this side of the birth canal (and further along their path in life) literally cheer that fact wrapped in political sloganeering…? Regardless of the right or wrong of the measure reported on, or its moral weight, such high talk in defense of a political objective in blue states like ours always hit the ears of the pro-life (or anti-abortion, take your pick) portion of the citizenry like a brick.