Articles
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Law & Principles, Energy
Oklahoma’s anti-energy-discrimination law needs to be allowed to work
Legislation is being considered that would revise Oklahoma’s anti-ESG law in ways that would make the law less effective.Jonathan Small & Ryan Haynie | March 24, 2025
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Energy, Culture & the Family
Court ruling a warning for Oklahoma state pensions
A recent ruling by a U.S. District Court validates Oklahoma’s anti-ESG law and fires a warning shot across the bow for the managers of state pension systems.Jonathan Small | February 10, 2025
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Energy
Oklahoma state treasurer: ESG ruling a ‘resounding validation’
Oklahoma State Treasurer Todd Russ says a recent federal court ruling—which concluded that “environmental, social, and governance” (ESG) investing violates the fiduciary duty of pension plan managers—is a “resounding validation” of Oklahoma law.Ray Carter | January 23, 2025
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Energy
Court ruling bolsters Oklahoma anti-ESG law
A U.S. district court judge has ruled that “environmental, social, and governance” (ESG) investing violates the fiduciary duty of pension plan managers since it is not based solely on maximizing returns and pensioners’ retirement security.Ray Carter | January 20, 2025
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Energy
Oklahoma lawmaker seeks end of wind-power subsidy
State Sen. Jonathan Wingard (R-Ada) says it is time to end taxpayer subsidization of wind farms.Ray Carter | January 2, 2025
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Budget & Tax, Energy
ESG study highlights danger for Oklahoma taxpayers
Oklahoma’s anti-ESG law is based on sound financial principles that maximize taxpayer benefits and deter attacks on our energy sector. Pension officials should stop fighting this sensible law and instead embrace it.Jonathan Small | November 4, 2024
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Energy
New study reaffirms: ESG investing is bad for Oklahoma
A new report finds that Oklahoma’s Energy Discrimination Elimination Act (EDEA), which prohibits state pensions from using ESG investment strategies, should be preserved.Staff | October 24, 2024
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Energy
Lawsuit highlights poor returns generated by ESG investing
If you want to use your own money to make political statements, that’s fine. But it’s not okay to use other people’s money and put them at risk of a less financially secure retirement, says Jonathan Small, a former board member of the Oklahoma Teachers’ Retirement System.Jonathan Small | August 19, 2024
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Energy
ESG study criticized for ‘significant flaws’; UCO prof defends work
According to the American Accountability Foundation, ESG interests paid a UCO professor about $6,800 “to manufacture a ‘study’ showing that anti-ESG laws are bad.”Ray Carter | August 2, 2024
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Energy
Bolstering Oklahoma law, pensioner sues over ESG investing
A class-action lawsuit targeting American Airlines’ reliance on ESG firms in the management of its employees’ pensions shows that some retired workers agree with Oklahoma’s anti-ESG stance.Ray Carter | July 29, 2024