Tag: ESG movement

  • State attorneys general continue pushback against federal ESG labor rule

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    Attorneys general from 26 states are opposing the implementation of the U.S. Department of Labor’s rule permitting ESG considerations in Employee Retirement Income Security Act (ERISA)-governed pension plans in court. The states filed an appeal late last week seeking to reverse the dismissal of their case. Ballotpedia tracks support for and opposition to the environmental,…

  • Recapping the top five stories of the ESG pushback in 2023

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    Ballotpedia’s Economy & Society newsletter on Jan. 9 recapped the following top five noteworthy developments opposing ESG from 2023: To read the full recap, click here. Stay tuned for our breakdown of the biggest developments supporting ESG efforts in the Jan. 16 edition. Click here to subscribe to the newsletter. Ballotpedia tracks support for and…

  • New York Supreme Court could hear case opposing ESG investment by NYC pension plans

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    Four New York City employees, with the help of nonprofit legal organization Americans for Fair Treatment, filed a lawsuit in May opposing New York City pension plans’ environmental investment considerations. The court, according to E&E News, could be the first to hear a legal claim against investment managers who consider ESG. Ballotpedia tracks support for…

  • Pensioner sues Oklahoma over ESG restrictions

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    Former Oklahoma state employee Don Keenan is suing the state, alleging that the Oklahoma law prohibiting state contracts with financial firms that boycott oil, gas, and other types of companies violates the U.S. Constitution and federal law. Keenan says he thinks oil and gas are important economically but argues the law, in his view, imposes…