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State judge blocks Oklahoma anti-ESG law (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Oklahoma District Court Judge Sheila Stinson on July 19 permanently blocked the state’s Energy Discrimination Elimination Act, which prohibited state contracts with asset managers who boycotted fossil fuels:
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A lawsuit filed by Don Keenan, a retiree, challenged the constitutionality of the law, arguing that it was vague and violated the state constitution’s 'exclusive benefit' rule requiring state pension systems to operate solely for the benefit of state pensioners. … The ruling to permanently halt the enforcement of the law follows Stinson’s decision on May 7 to halt it temporarily, a move that drew the attention of Attorney General Gentner Drummond. … The controversial law, known as the Energy Discrimination Elimination Act, requires firms to sever ties with firms that factor environmental, social and governance issues into their investment decision-making.[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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