News & Analysis as of

Boycotts Environmental Social & Governance (ESG)

Bradley Arant Boult Cummings LLP

The ESG Battle Continues: State Enforcement Ramps Up

Over the past two years, we’ve been covering the state legislatures and executive officials taking aim at environmental, social and governance (ESG) investing and ramping up the pressure on companies that incorporate ESG...more

Mintz

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

Mintz on

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

Mintz

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

Mintz on

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

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - March 2024

Good morning! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past two weeks and forthcoming climate-related events and...more

Mintz

Oklahoma Encounters Practical Difficulties in Implementing anti-ESG Policies

Mintz on

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

Mintz

A Mintz ESG Primer: The Current State of Environmental, Social, and Governance Matters in American Corporations

Mintz on

The Mintz Environmental, Social, and Governance (ESG) Working Group developed this ESG primer to provide an overview of the current state of affairs in the United States with respect to the ESG issues that businesses...more

Cozen O'Connor

Texas AG Warns Governmental Entities Not to Contract with Prohibited Companies

Cozen O'Connor on

Texas AG Ken Paxton issued an advisory letter regarding state laws prohibiting governmental entities from contracting with businesses that boycott energy companies, discriminate against firearm entities or associations, or...more

Mintz

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

Mintz on

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

Mintz

Conflict in Kentucky Over ESG Investing

Mintz on

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

Mintz

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

Mintz on

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

Cadwalader, Wickersham & Taft LLP

Kentucky Is Latest State to Blacklist Financial Institutions Over ESG Policies

To ring in the new year, Kentucky’s Treasurer, Allison Ball, announced a list of eleven financial institutions that she claims are engaged in “energy company boycotts.”  According to Ball, the list “was crafted after careful...more

Mintz

19 State Attorneys-General Participate in Investigation of ESG Ratings

Mintz on

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

Mintz

West Virginia Penalizes Major Companies for Embracing ESG Principles

Mintz on

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

Vinson & Elkins LLP

The Intersection Between ESG Efforts and Antitrust Law

Vinson & Elkins LLP on

Historically, companies gave little thought to antitrust considerations when they developed environmental, social, and governance (“ESG”) goals and plans. Recently, this has changed....more

Mintz

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

Mintz on

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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