Oklahoma judge pauses enforcement of anti-ESG law (2024)
| Environmental, social, and corporate governance |
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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:
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An Oklahoma County judge halted the enforcement of a controversial state law Tuesday, a measure that places banks and financial companies on a blacklist if they invest in entities critical of the oil and gas industry. Under the law, those blacklisted companies are prevented from doing business with the state. District Judge Sheila Stinson issued a temporary injunction against the enforcement of the Oklahoma Energy Discrimination Elimination Act of 2022. The act is administered by state Treasurer Todd Russ' office. … Oklahoma's law was the result of a push by the State Financial Officers Foundation, a Kansas nonprofit that promotes anti-ESG legislation. It's part of an ongoing effort by many Republicans on the state and national level to push back against companies that have environmental and social governance polices. Critics say those policies are an attempt to push a climate change agenda at the expense of the oil and gas industry. At least 20 states have adopted some type of anti-ESG legislation.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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