Common sense from Oklahoma! May other states wake up to this Marxist nonsense!
By Bonner Cohen, Ph.D. ~
In a move designed to push back against the environmental, social, and governance (ESG) policies of big financial institutions, Oklahoma has adopted legislation that will require the Sooner State to divest from any financial company that boycotts the fossil fuel industry.
The Energy Discrimination Elimination Act of 2022 (House Bill 2034) requires the state treasurer to maintain and provide to each state governmental entity a list of financial companies that boycott energy companies. The state governmental entity must then notify the treasurer of the listed financial companies in which they own direct or indirect holdings. They must also send a written notice to the financial institution, warning that it may become subject of divestment.
Under the new law, a state governmental entity must rid itself of at least 50 percent of the assets of a listed financial institution within 180 days of the financial company’s…
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