Oklahoma lawmakers advanced legislation that could “gut” a three-year-old anti-ESG law and leave state taxpayers vulnerable to environmental, social, and governance-based investing, Heritage Action for America contends.
The Oklahoma Senate Energy Committee recently advanced SB 714, sponsored by state Sen. Dave Rader, which amends the existing law on state contracts and transfers enforcement authority from the state treasurer to the state attorney general. A House version is sponsored by Speaker Pro Temp Anthony Moore. Both lawmakers are Republicans.
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“It’s in a lawsuit now and we just want to make some corrections so it’s not in a lawsuit,” Rader told The Daily Signal in a phone interview. “We are being proactive to keep the bill applicable.”
The 2022 Energy Discrimination Elimination Act bans state investments with companies that boycott or penalize energy companies for lawful action, according to Heritage Action. Oil and gas companies are key to the Oklahoma economy.
In July, Oklahoma District Court Judge Sheila Stinson issued an order to permanently block the law, stemming from a legal challenge by a state pensioner. The case is pending an appeal in the state Supreme Court. […]
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