Tag: esg

  • 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…

  • State attorneys general appeal challenge to labor department’s ESG rule

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    The state attorneys general who sued the Biden administration to overturn its rule allowing ESG considerations in Employee Retirement Income Security Act of 1974 (ERISA)-governed pension plans filed an appeal on October 26. The case was previously thrown out in a federal district court. Ballotpedia tracks support for and opposition to the environmental, social, and…

  • BlackRock announces plans to allow investors to vote their own proxies

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    The Big Three passive asset management firms—BlackRock, State Street, and Vanguard—have been criticized for using investors’ money in pursuit of political goals. The firms use the funds that they invest on behalf of their clients and vote the proxies that, outside of a pooled index or mutual fund, investors would typically vote themselves. ESG critics…

  • North Carolina governor vetoes state bill opposing ESG

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    Gov. Roy Cooper, a Democrat and ESG supporter, on June 23 vetoed a bill banning the use of ESG in state investments. The bill previously passed the state House on May 3 and the state Senate on June 13. The bill now heads back to the legislature, which is expected to have the votes to…