In the ongoing work to protect consumers and investors whose assets are managed by large firms from losing out due to woke priorities sold as “ESG,” Oklahoma State Treasurer Todd Russ is putting financial companies on notice: confirm that you’re not engaged in a boycott of energy companies or get banned from doing business with Oklahoma’s state government entities. And that ban on doing business with the Sooner State could cost woke companies billions of dollars.
In a letter to dozens of financial companies — including familiar ESG-pushing names such as BlackRock, Vanguard, and State Street — Treasurer Russ explained that the Oklahoma Energy Discrimination Act of 2022 requires him to “prepare and maintain a list of financial companies that boycott energy companies.”
To create such a list, Russ’ office “requests a written verification of your company’s position regarding the boycott of energy companies, executed and verified by an authorized representative of your company” which must be completed and returned to the Oklahoma State Treasurer (OST) “no later than 60 days after receiving” Russ’ letter. Read more…
