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Loeffler Caught Lying Again About Business Ties With Chinese State-Owned Company

Just Weeks After Loeffler Claimed to Have Cut Ties With Chinese Government-Run Firm, New Reporting Reveals Loeffler’s Company Has Another Link to the Same Chinese Firm 

New reporting from the Atlanta Journal-Constitution yesterday revealed that unelected “political mega-donor” Senator Kelly Loeffler’s company partnered with a Chinese state-owned company just weeks after her campaign claimed they had cut ties with the company. 

Despite her tough talk on China and months of vowing to “hold China accountable,” Loeffler’s company ICE was caught partnering with a Chinese government-run oil company. Just last month, the AJC uncovered that Loeffler’s company bought a stake in a firm that “was controlled by a state-run energy conglomerate run by Jiang Jiemen, a senior member of the Communist Party with close ties to Chinese leaders.” Loeffler’s team claimed at the time that the unelected Senator’s company sold their stake in the firm, but the AJC’s latest reporting revealed that ICE “has another link to China” through the same Chinese government-owned company. 

“Senator Loeffler can’t keep her story straight. One minute she’s claiming to be tough on China, and the next she’s caught lying again about her company’s ties to a Chinese state-owned firm,” said DSCC spokesperson Helen Kalla. “Kelly Loeffler is trying to have it both ways, but it’s clear that she can’t be trusted to be honest with Georgians about her number one priority: her own personal wealth.”

Atlanta Journal-Constitution: The Jolt: Georgia runoffs as a ‘Braveheart’ sequel — ‘where everyone paints their face blue and just charges’
By Jim Galloway, Greg Bluestein, Tia Mitchell, and Patricia Murphy
November 11, 2020

Key Points:

  • The Atlanta-based financial behemoth run by U.S. Sen. Kelly Loeffler’s husband Jeff Sprecher has another link to China.
  • We reported earlier that Intercontinental Exchange bought a 25% stake in a climate exchange firm based in China in 2010 before cutting ties a year later.
  • In 2019, ICE launched a futures exchange with The Abu Dhabi National Oil Company, which partnered with several major energy firms, including Chinese-owned PetroChina Co. Sprecher called it a way to get “deeper into Asia.”

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