September 30th, 2025 by WCBC Radio

West Virginia’s Investment Management Board voted to enact a divestment plan from companies owned or controlled by the Chinese Communist Party. Earlier this year, the IMB approved a resolution made on behalf of Governor Patrick Morrisey to begin this divestment plan. State Treasurer Larry Pack applauded the efforts to protect American dollars. “This is an issue we’ve been talking about at the Investment and Management Board for over a year. We’ve also done that previously at the Bureau of Treasury Investments so we’re going to do everything we can to protect the investments for West Virginians and make sure that we don’t invest in companies owned by the Chinese Communist Party.