Pennsylvania voters do you care that our State Treasurer has done this?

Question

(1)Robert Casey Jr. the State Treasurer of Pennsylvania has allowed state employee retirement funds to be invested in companies that sponsor terrorism. , $6.5 billion of Pennsylvania's pension funds are invested in companies that sponsor terrorism.

Casey, who sits on two state-employee pension boards, says he took steps to address the issue . He sent a letter on Sept. 1 to investment managers to assess whether any companies in their holdings do business in countries that sponsor terrorism.

(2)Since taking office in January ,news reports show that Bob Casey, as state treasurer, has spent at least 40 percent of his time campaigning for the Senate.

Foreign stocks account for nearly $6.5 billion of the state pension investments, according to the fund's annual report. For instance, the fund holds more than $1 million worth of stock in Sinopec Corp., also known as Sinopec Shanghai Petrochemical.

Sinopec, which is controlled by the Chinese government, is developing oil fields in Iraq. The company also has drilled for oil in Sudan for three years. Both nations have long been on the U.S. State Department's list of terrorist-sponsoring nations.
The state pension fund also owns $706,163 in stock of PetroChina Co., which is building the Chinese gas pipeline. PetroChina, the world's fifth-largest oil company, is owned by the China National Petroleum Co., which in turn is owned by the Chinese government.
Pennsylvania's pension fund held about $1.4 million of stock in Cosco Pacific, as of Dec. 15, 2001.
Total Fina leads a consortium that is finishing a $2 billion contract to develop offshore natural gas fields for Iran.

Answer 1

It's an absolute outrage, and the sad truth is, this has been going on since BEFORE 9/11. The link I've included below takes you to a paper written by the Center for Security Policy back in 2001. In in turn references an investigative report that ran in the Pittsburgh Tribune-Review back in January of 2001. Those Investments go back to when Barbara Hafer was the State Treasurer. This has been a known issue for almost six years, and as far as I'm concerned, Bob Casey along with everyone else who serves on the retirement fund board, should be charged with treason!

The paper below includes the entire original article, which gives the names of five companies, and how those companies are involved in aiding terrorists.

Answer 2

Your statement of facts is welcome but Casey was not qualified for either office. His political connections put him at the right place in the right time. He will be a one term senator and prove as useless as Kerry and the gang.

Answer 3

Thanks for the info.There is something about Casey that I just don't trust.He seems a little shady to me,but can't put my finger on why.I think Pa has some pretty poor choices this time around.