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Oklahoma Judge Temporarily Blocks Law Penalizing Companies Engaged in Fossil Fuel Boycott

Earlier this week, a state court judge in Oklahoma issued a temporary restraining order that blocks--for now--enforcement of an Oklahoma law that deprives companies deemed to boycott the fossil fuel industry of the ability to...more

Oklahoma Treasurer Bans Additional Bank From State Business Due to ESG Policy

The Oklahoma State Treasurer added yet another bank to its blacklist of companies that are barred from doing business with the State of Oklahoma due to a “boycott [of] the oil-and-gas industry.” According to a 2022 law,...more

Oklahoma Encounters Practical Difficulties in Implementing anti-ESG Policies

Last year, the State of Oklahoma enacted a law that “requires the state to stop doing business with financial companies that ‘boycott’ the oil-and-gas industry.”  However, as reported by the Wall Street Journal, “officials...more

Securities Lawsuit Against Retailer Due to Losses Allegedly Caused By Conservative Boycott Due to Company's Embrace of Pro-LGBTQ...

This week, an investor brought a lawsuit against Target Corporation in connection with allegedly "false and misleading statements concerning Target's Environment, Social and Governance (ESG) and Diversity, Equity, and...more

Conflict in Kentucky Over ESG Investing

The State of Kentucky, like many other states across the country, is now engaged in significant conflict over the politicized issue of ESG investing. Last spring, the Kentucky legislature passed a bill ordering that the...more

Texas AG Bars Major Bank from Underwriting Municipal Bond Offerings in Texas Due to Alleged Discrimination Against Firearms...

Last week, it was reported that the Texas Attorney General would "not approve any public security" which was purchased or issued by a major bank due to alleged discrimination against the firearms sector. In 2021, Texas had...more

19 State Attorneys-General Participate in Investigation of ESG Ratings

Nineteen state attorneys-general have announced their participation in an investigation spearheaded by Missouri Attorney-General Eric Schmitt into the ESG ratings produced by Morningstar Inc. and its subsidiary,...more

Texas Identifies Financial Companies Targeted For Divestment Due to "Energy Boycott"

On August 24, 2022, the Texas Comptroller published a list of ten financial companies (only one of which is U.S.-based) and approximately three hundred and fifty funds that, pursuant to Texas law, all state governmental...more

NY Times Reports on Coordinated Effort by Republican Officeholders to Penalize Companies' Efforts to Reduce GHG Emissions

The New York Times has reported that the State Financial Officers Association has "push[ed] Republican state treasurers, who are mostly elected officials and who are responsible for managing their state's finances, to use...more

West Virginia Penalizes Major Companies for Embracing ESG Principles

Yesterday, the state treasurer of West Virginia formally barred his state from conducting business with five major financial institutions because, according to him, "[e]ach financial institution . . . has published written...more

West Virginia Threatens Boycott of Major Financial Institutions Due to Alleged Bias Against Fossil Fuel Industry

The West Virginia State Treasurer, Wiley Moore--a Republican--recently threatened six major financial institutions with a boycott on doing business with West Virginia government entities. This move by the West Virginia state...more

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