Tag: Oklahoma ESG initiatives
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Oklahoma launches effort to oppose corporate DEI
Oklahoma Treasurer Todd Russ (R) announced plans to oppose corporate diversity, equity, and inclusion (DEI) programs through shareholder proposals using its $2 billion Tobacco Settlement Endowment Trust. DEI is typically associated with the social component of ESG. Treasurer Russ has argued corporations should be politically neutral and avoid using corporate money for DEI and ESG…
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Oklahoma AG appeals ESG ruling to state Supreme Court
What’s the story? Oklahoma Attorney General Gentner Drummond (R) filed an appeal with the state Supreme Court seeking to overturn a lower court’s ruling against the state’s anti-ESG law. The statute prohibits state contracts and investments with asset managers who—in the state treasurer’s view—boycott the fossil fuel industry. Why does it matter? Oklahoma’s decision on…
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Oklahoma judge pauses enforcement of anti-ESG law, state officials and groups respond
An Oklahoma judge on May 7 paused enforcement of a 2022 state law prohibiting the state from contracting with businesses the treasurer identifies as boycotting oil and gas companies. Following the enforcement pause, Attorney General Gentner Drummond (R) fired the legal team responsible for defending the law and blamed the team’s ineffectiveness on Treasurer Todd…