It is a notable silence from the embattled governor, who has called on CalPERS, the country's largest public pension system, to divest from tobacco companies and companies linked to the Turkish government.
CalPERS had more than $450 million invested in 14 Chinese companies the Trump administration put on an investment blacklist last year because of their ties to the Chinese military.
CalPERS invested in some of the Chinese companies as early as 2016, records show.
CalPERS, which has more than $400 billion in assets under management, also had $5 million invested in China State Construction Co., which has built roads and bridges in Asia, Africa, and the United States as part of Belt and Road. China State Construction is one of the firms on the Trump administration investment blacklist.
CalPERS has come under scrutiny from state and national lawmakers over its investments in Chinese companies.
Last year, Banks and Sen. Rick Scott called on Newsom and CalPERS to divest from Chinese state-owned companies.
In 2019, he signed an executive order directing CalPERS and other state pension funds to invest in green energy companies in order to fight climate change.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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