Oklahoma attorney general fires legal team after judge blocks anti-ESG law

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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason - Oklahoma's attorney general said he is firing the outside legal team hired to defend a state law prohibiting state pension systems from contracting with companies that limit investment in the oil and gas industry, days after a judge temporarily blocked the statute's enforcement.

"It is extremely disappointing that the counsel hired by Treasurer Russ was unable to secure a favorable ruling in defense of Oklahoma's anti-ESG law," Drummond said, referring to so-called environmental, social and governance policies. Russ, a fellow Republican, said in a statement he had initially asked Drummond to defend the law in court, only to have those requests rejected, and that he did not believe his decision-making authority could legally be removed.

Despite those concerns, major financial institutions have largely rejected calls to divest from the oil and gas industries, and some have scaled back their involvement with groups seeking to pressure major emitters.

 

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