{"id":1410864,"date":"2022-03-30T16:15:52","date_gmt":"2022-03-30T20:15:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1410864"},"modified":"2022-03-30T16:15:55","modified_gmt":"2022-03-30T20:15:55","slug":"congresswoman-pushes-for-new-york-to-divest-from-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congresswoman-pushes-for-new-york-to-divest-from-china\/","title":{"rendered":"Congresswoman Pushes for New York To Divest From China"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcongresswoman-pushes-for-new-york-to-divest-from-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1410864&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>New York congresswoman Claudia Tenney (R.) is calling for her state to divest its retirement fund from Chinese companies.<\/p>\n<p>In a letter sent Wednesday to New York comptroller Thomas DiNapoli (D.),\u00a0<a href=\"https:\/\/dailycaller.com\/2022\/03\/30\/exclusive-claudia-tenney-new-york-divest-retirement-fund-china\/?fbclid=IwAR1Z0RWOP8mK0rGODP6cnlkGBAPQo_MTSjUvBJXvnbr47hJfb5PgfNnW0DM\" target=\"_blank\" rel=\"noopener\">obtained by<\/a> the\u00a0<em>Daily Caller<\/em>, Tenney urged the state to move pension funds out of China just as it has moved to do so from Russia in the wake of the Ukraine invasion.<\/p>\n<p>&#8220;New York State&#8217;s failure thus far to reduce [the State Common Retirement Fund&#8217;s] exposure to the domestic Chinese market is a violation of your fiduciary duty to the over 1.1 million members of the New York State and Local Retirement System,&#8221; Tenney wrote.\u00a0&#8220;Beyond the total lack of transparency into Chinese companies, the Chinese economy lacks the most basic practices and mechanisms of voluntary exchange and rule of law to safeguard investors.&#8221;<\/p>\n<p>Tenney accused New York of being complicit in human rights abuses in China and faulted the state for approving &#8220;over $38 million in capital commitments to China-focused investments.&#8221; She cited the retirement fund&#8217;s investments in Chinese private equity firm Boyu Capital as a particularly concerning link to China that encourages &#8220;the engagement in human rights abuses across the globe.&#8221;<\/p>\n<p>The lawmaker faulted DiNapoli for investing in Chinese firms while moving to divest from American companies that the comptroller <a href=\"https:\/\/www.pionline.com\/esg\/new-york-state-common-divest-238-million-oil-and-gas-companies\" target=\"_blank\" rel=\"noopener\">described<\/a> as &#8220;unprepared to adapt to a low-carbon future.&#8221;<\/p>\n<p>&#8220;At the same time that [the retirement fund] may be fueling the Chinese Communist Party&#8217;s malign activities, you have stated your intention to divest $238 million in shares and bonds from 21 oil and gas companies \u2026 for their failure to demonstrate viable net-zero transition plans,&#8221; Tenney wrote. &#8220;These U.S. companies provide high-paying jobs to American workers, including many New Yorkers. \u2026 It defies logic that under your management, the [fund] is focused on penalizing American companies in good standing, while turning a blind eye to investments in companies so closely tied to the Chinese Communist Party.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York congresswoman Claudia Tenney (R.) is calling for her state to divest its retirement fund from Chinese companies. In a letter sent Wednesday to New York comptroller Thomas DiNapoli<\/p>\n","protected":false},"author":160,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1410864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1410864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1410864"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1410864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1410864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1410864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1410864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}