Oklahoma
Borrowing costs rose in the wake of Oklahoma's anti-ESG law: study
An Oklahoma law that banned state and local government contracts with investment banks that “boycott” the fossil fuel industry boosted municipalities’ borrowing costs by 59 basis points on average, according to the latest research into the financial impact of so-called anti-environmental, social, and governance laws.
The
Travis Roach, chair of the University of Central Oklahoma’s Economics Department, who conducted the study, found that over the approximately 17 months the law has been in effect, about $4.6 billion of municipal bonds were issued at higher coupon rates relative to borrowings in four states without a similar law. As a result, Oklahoma municipalities incurred an estimated $184.7 million in additional expenses.
Bloomberg News
“This increase in borrowing costs imposes an unnecessary financial burden on Oklahoma municipalities, potentially forcing them to cut spending on important public services or infrastructure projects, or raise taxes to cover the higher debt servicing costs,” the study concluded.
As large financial institutions “with the scale, scope, and experience of providing municipal bond issuance services” are banned from underwriting government debt in Oklahoma, borrowing costs may increase simply because smaller firms lack that reach, it added.
The law
Monica Collison, president of the ORA, an organization created to support economic development and infrastructure for the state’s rural communities, said while the law aimed to be “a ‘solution’ to combat the misguided perception of boycotting by financial institutions of certain industries,” the result was a politically motivated attempt to remove certain banks from operating in Oklahoma.
Oklahoma Treasurer Todd Russ was aware of the “unintended consequences” posed by the law’s inclusion of state political subdivisions, according to Deputy Treasurer Jordan Harvey, who noted legislation introduced this session seeks to amend the act.
Another bill would apply a provision against contracts worth $100,000 or more with “boycotters”
Another bill that
A 2022 academic paper found similar Texas laws enacted in 2021 to protect the fossil fuel and firearm industries against boycotts and discrimination may
A
In March, a Texas business group released a
Crews responded to a fireworks stand after it caught fire in Broken Arrow Saturday night.
Authorities urged people to avoid E. Kanosha Street near S. 236th E. Avenue as the road is closed and fireworks could spread in the area due to the fire.
Broken Arrow Fire Department released a statement confirming no injuries were sustained as a result of the explosions or fire.
Fire crews quickly controlled the fire in about 20 minutes according to Broken Arrow Fire Department.
The initial cause of the fire is under investigation.
Viewer Leslie Maxey, who lives close to the fireworks stand, sent in video of the ongoing fire.
“We were putting our daughter to bed with a book when we heard an explosion that was gradually getting louder and louder,” Maxey said.
This is a developing story.
What you need to know about Oklahoma ahead of the College World Series
North Carolina will face a dangerous Oklahoma team that is on a roll.
Oklahoma (41-22) has been just as dominant. The Sooners, making their 13th College World Series appearance and first since 2022, surged through the postseason as road warriors. They won the Atlanta Regional by upsetting No. 2 seed and ACC champion Georgia Tech in the final, then swept Big 12 champion and No. 15 seed Kansas by a combined score of 21-3 in the Lawrence Regional.
The Sooners, who are 3-0 in Omaha after beating No. 7 seed Alabama and knocking off No. 3 seed and SEC champion Georgia twice, are seeking their third national championship. Oklahoma won titles in 1951 and 1994 and finished as runner-up to Ole Miss in 2022.
Here are a few things to know about Oklahoma:
Best player: Catcher Deiten LaChance
LaChance is Oklahoma’s most powerful hitter. He is batting .333 with 12 doubles, two triples and team highs of 16 home runs and 65 RBIs.
Throughout the postseason, he is hitting .326 with four home runs and 15 RBIs. In Omaha, he is 5-for-14 (.357) with one home run and five RBIs.
Strengths
Like North Carolina, Oklahoma is a balanced team that is good at a little bit of everything and is built to frustrate opponents.
Oklahoma is a balanced hitting team like UNC, but the Sooners have hit a few more homers with 91, compared to the Tar Heels’ 82. That is largely due to the Sooners smashing 26 home runs in their 10 postseason games. In Omaha, OU has homered eight times, including five homers in its win over Georgia in its previous game.
The Sooners have stolen 129 bases this season. That is good for 24th nationally and second in the SEC.
Pitching-wise, OU is 18th nationally in strikeouts per nine innings and leads the SEC in shutouts.
Weaknesses
The most glaring weakness is the pitching staff, despite its ability to strike out opposing batters and record shutouts.
The Sooners have a 4.98 ERA as a staff. Only one pitcher with 10 or more appearances has an ERA under 3.60.
They also allow 4.51 walks per nine innings, which ranks 138th nationally.
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It was a Friday Night Lights in June kind of moment for the Oklahoma State Cowboys as Israel “Izzy” Hammons made his commitment announcement.
The Choctaw, Okla., rising senior announced his decision to commit to Oklahoma State on Friday during an Instagram Live session. The Cowboys beat out a roster of schools vying for the linebacker, most notably Texas.
Hammons made just two official visits — one to OSU and one to Texas last week.
His commitment pushed the Cowboys’ 2027 recruiting class back to nine players after the defection of Mount Carmel (Chicago, IL) offensive lineman Chase Clark to Purdue.
Commitments are non-binding. The earliest that Hammons can sign with OSU is in December.
Izzy Hammons to OSU
Hammons is the first four-star player to commit to the Cowboys this cycle. Their previous commitments all came from three-star players. The 6-3, 225-pound linebacker was considered a Top 200 player in the country by both On3/Rivals and 247Sports. Both services had him ranked as a Top 10 player in the state of Oklahoma at any position. He’s also considered the No. 1 linebacker in the state.
He also runs track and field, competing in the high jump and the 100-meter days, with a personal best of 11.30 seconds in the latter.
The Longhorns came in hot at the end but already had linebackers committed to the program this cycle. For the Cowboys getting a pledge from a player like Hammons is key to shore up a position where they didn’t have a commitment and where they plan to use senior transfers as starters in 2026. That means OSU and head coach Eric Morris must start building a pipeline now.
OSU’s Class of 2027
After Clark’s decommitment the Cowboys were down to eight recruits for 2027 entering Friday, most of which were on the offensive side of the ball and starting with Iowa Colony (Texas) quarterback Carson White, who was the cycle’s first commitment in April.
Up front, OSU has two offensive line commitments Jake Baker of Ensworth High School in Nashville, Tenn., and Sonny Mullen of Troy, Texas. When it comes to skill positions players the Cowboys have three commitments as well, including two wide receivers — Cooper Hooker of Pryor (Quapaw, Okla.) High School and Ake O’Neal of Argyle, Texas. Oklahoma State also has a pledge from tight end Talan Scott of Queen City, Ariz.
Defensively, the Cowboys have commitments from safeties Chayce Davis of Euless (Texas) Trinity High School and Bryson Brown of Broken Bow, Okla.
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