Oklahoma Treasurer Todd Russ is planning to put financial institutions that “boycott” energy companies on a blacklist that will bar those firms access to billions of dollars from government entities.
The institutions will have 60 days to respond to the Treasurer’s office or face blacklisting. Russ said the answers will help determine if Oklahoma pension funds, like its public retirement system, are tied to companies that are adversarial to the energy industry.
The latest foray in the GOP battle against ESG is very similar to actions other Republican-led states have taken against certain financial firms.of nearly a dozen financial firms it accuses of boycotting energy companies and warned that the state could divest from them in a matter of months.
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