Connect with us

Oklahoma

Oklahoma Gov. Stitt: ESG is an anti-American political agenda

Published

on

Oklahoma Gov. Stitt: ESG is an anti-American political agenda


Monetary firms that boycott the vitality business are pushing “anti-American” political agenda, Oklahoma Gov. Kevin Stitt instructed Fox Information.

“ESG is sort of rewriting the way you make investments. As a substitute of specializing in worth in your shareholders, it is extra of a political agenda,” the governor mentioned. “It breaks down the free market ideas of capitalism that we’re used to in investing and so it is anti-American.”

Environmental, social and company governance — generally known as ESG — are non-financial requirements utilized to companies and can be utilized by asset managers of their decision-making surrounding investments. Companies with low emissions or progressive insurance policies surrounding points like variety obtain increased scores.

Proponents have argued that ESG scores will push firms to undertake extra environmentally pleasant and progressive insurance policies, whereas critics say utilizing them to find out investments harms important fossil gasoline industries and raises vitality costs.

Advertisement

FORMER BLACKROCK EXECUTIVE ARGUES ESG IS BAD FOR SOCIETY AND YOUR WALLET IN WSJ OP-ED

ESG requirements are “anti-American” Oklahoma Gov. Kevin Stitt instructed Fox Information. 
(Fox Information Digital/Jon Michael Raasch)

“Because the governor, I am making an attempt to guard our belongings,” Stitt mentioned. “We’re a heavy vitality state.”

Oklahoma is among the many high 5 largest producers of pure fuel, oil and wind vitality within the U.S, based on the U.S. Vitality Info Administration. The state depends closely on the vitality sector for tax income and has seen a statewide income improve of 74% for oil and fuel gross manufacturing receipts since final 12 months. 

“Let’s not do enterprise with firms which might be anti-American or they’re anti-energy or they’re anti the belongings in our states,” Stitt instructed Fox Information.

Advertisement

“These firms which might be refusing to do enterprise with oil and fuel firms, banks which might be refusing to do enterprise with oil and fuel firms, it could damage our belongings. It might probably damage our state,” the Oklahoma Republican continued. “They’re truly investing for some sort of social challenge.”

Quite a few Republican-led states have pressed towards monetary establishments, resembling BlackRock, that they are saying are boycotting the fossil gasoline business. In August, 19 attorneys basic despatched a letter to CEO Larry Fink, saying BlackRock seems to undercut shareholder income in state pension funds. BlackRock, the world’s largest asset supervisor, has denied that it boycotts fossil gasoline companies and argued that local weather change is turning into a higher monetary threat.

MARLO OAKS: WHY I OPPOSE ESG – USE POLITICS, FREE MARKETS TO DECIDE POLICY, NOT COERCION

In May, Stitt signed the Energy Discrimination Elimination Act, a measure that would require the state to divest from any financial company that boycotts the energy industry.

In Might, Stitt signed the Vitality Discrimination Elimination Act, a measure that may require the state to divest from any monetary firm that boycotts the vitality business.
(Fox Information Digital/Jon Michael Raasch)

In Might, Stitt signed a invoice into legislation that stops the state authorities from investing in companies that discriminate towards oil and pure fuel producers. Critics mentioned the laws will increase regulation and will in the end trigger costs to rise.

“We have handed legal guidelines, an anti-discrimination act, the place we’re not going to speculate our funds or our pension funds in firms that refuse to do enterprise with our state or refuse to do enterprise with the oil and fuel business,” Stitt mentioned.

Advertisement

INVESTING IN BLACKROCK ‘A CLEAR CONFLICT OF INTEREST,’ HURTS WEST VIRGINIANS, TREASURER SAYS

The Keystone XL pipeline, canceled by Biden on his first day in office, would have brought oil from Oklahoma to Texas. 

The Keystone XL pipeline, canceled by Biden on his first day in workplace, would have introduced oil from Oklahoma to Texas. 
(Daniel Acker/Bloomberg through Getty Pictures)

CLICK HERE TO GET THE FOX NEWS APP

“Why would you put money into firms that do not have a fiduciary obligation or they don’t seem to be truly targeted on the shareholder or maximizing income or investing for income?” the Oklahoma Republican added.

Stitt additionally mentioned companies that embrace ESG are “not having an sincere dialog concerning the wants of People.”

“We’re nonetheless driving our youngsters to high school, driving them to soccer observe, heating our houses and our companies and whenever you choke off demand, costs are going to go up,” he instructed Fox Information. 

Advertisement

Kelsey Koberg contributed to this report.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Oklahoma

No. 3 Oklahoma State overpowers No. 5 NC State wrestling 34-3 in Stillwater

Published

on

No. 3 Oklahoma State overpowers No. 5 NC State wrestling 34-3 in Stillwater


The NC State Wolfpack won the first bout in their match against Oklahoma State, but those three points were the only ones NC State would earn all night, as the Cowboys dominated the Pack 34-3 in front of a wild home crowd. 

🤼 MORE COLLEGE WRESTLING 🤼

Cael Hughes put the Cowboys on the board first with six huge team points via a pin over two-time All-American No. 7 Kai Orine of NC State; teammates No. 15 Carter Young and No. 14 Caleb Fish also added decisions in the first half of the dual at 141 and 157 pounds, respectively. No. 4 Tagen Jamison, meanwhile, added five points at 141 pounds with his fiery tech fall against Tyler Tracy of NC State. 

Oklahoma State’s 197-pounder Luke Surber headlined the second half of the dual with his technical fall over No. 26 Christian Knop 18-2 for five team points of his own, while all four of his other teammates — No. 6 Cameron Amine, No. 3 Dean Hamiti, No. 3 Dustin Plott and No. 3 Wyatt Hendrickson — settled for decisions.

Advertisement

The Pack wrestled Oklahoma State tough, particularly in the heavyweight match where U23 world champion Isaac Trumble had fellow U23 world champ Hendrickson in some trouble, but Hendrickson survived and held on to his undefeated record. 

The Cowboys win over NC State gives the program its ninth victory against the Pack and a second dominant ACC win over a top-ten team this season. Oklahoma State will have No. 22 West Virginia and No. 7 Northern Iowa next on the schedule though the match that will be circled on the calendar now is the Cowboys’ meeting with the No. 2 Hawkeyes on Feb. 23.

Complete results:  

WEIGHT BOUT RESULT TEAM SCORE
125  No. 11 Vince Robinson over No. 2 Troy Spratley, 7-3 3-0, NC State
133 Cael Hughes over No. 7 Kai Orine, FALL 6-3, OSU
141 No. 4 Tagen Jamison over Tyler Tracy, 21-5 11-3, OSU
149 No. 15 Carter Young over No. 33 Koy Buesgens, 5-2 14-3, OSU
157 No. 14 Caleb Fish over No. 12 Ed Scott, 12-5 17-3, OSU 
165  No. 6 Cameron Amine over No. 32 Derek Fields, 5-2 20-3 OSU
174 No. 3 Dean Hamiti over No. 19 Matty Singleton, 8-4 23-3, OSU
184  No. 3 Dustin Plott over No. 11 Dylan Fishback, 5-0 26-3, OSU
197 No. 7 Luke Surber over No. 26 Christian Knop, 18-2 31-3, OSU
285 No. 3 Wyatt Hendrickson over No. 4 Isaac Trumble, 10-4 34-3, OSU 





Source link

Advertisement
Continue Reading

Oklahoma

Oklahoma women’s basketball NCAA Tournament resume for March Madness: Jan. 13

Published

on

Oklahoma women’s basketball NCAA Tournament resume for March Madness: Jan. 13


play

The Oklahoma women’s basketball team split a pair of SEC games last week.

OU (14-3, 2-2 SEC) suffered an 81-77 road loss to Mississippi State on Thursday. It then bounced back with a 77-62 home win over Texas A&M on Sunday.

Advertisement

OU dropped from No. 10 to No. 13 in the AP Top 25 Poll. It was ranked No. 11 last week in the USA TODAY Sports Coaches Poll, which will release this week’s rankings on Tuesday.

Each week, The Oklahoman will take a look at OU’s recent results, break down how its NCAA Tournament resume has changed and compare it to the competition. Here’s where the Sooners stand as of Monday:

Oklahoma basketball results last week

Jan. 9: Mississippi State 81, Oklahoma 77

OU stumbled in its 81-77 road loss to Mississippi State on Thursday. The Sooners committed 21 turnovers, which the Bulldogs converted into 25 points. This marked OU’s first loss to an unranked opponent this season, and the team dropped to 1-2 in SEC play.

Advertisement

Jan. 12: Oklahoma 77, Texas A&M 62

OU bounced back by earning a 77-62 home win over Texas A&M on Sunday. Raegan Beers recorded 16 points and six rebounds, but she exited the game with an apparent shoulder injury late in the third quarter and didn’t return. OU head coach Jennie Baranczyk didn’t have an update after the game on Beers, who’s averaging team highs of 17.2 points and 9.2 rebounds.

Oklahoma basketball NET rankings: No. 12 (last week: No. 11)

  • Quad 1 record: 3-3
  • Quad 2 record: 1-0
  • Quad 3 record: 1-0
  • Quad 4 record: 9-0

Bracketology projections

ESPN: No. 4 seed vs. No. 13 Drake in Norman (Region 3) as of Jan. 10.

Advertisement



Source link

Advertisement
Continue Reading

Oklahoma

Oklahoma Governor Signs NIL Order Allowing Direct Athlete Payments

Published

on

Oklahoma Governor Signs NIL Order Allowing Direct Athlete Payments


Oklahoma governor Kevin Stitt has signed an executive order that allows colleges and universities within the state to directly compensate student-athletes for their name, image, and likeness (NIL).

This decision builds on the framework established by Senate Bill 1786, passed in 2024, and positions Oklahoma as a trailblazer in navigating the complex and rapidly evolving world of collegiate athletics.

Stitt’s order addresses a pressing issue: the fragmented and inconsistent NIL rules across the country.

While the NCAA and major conferences inch toward a settlement in the In College Athlete NIL Litigation, which could eventually allow direct payments, the timeline for a resolution remains uncertain.

Advertisement

Stitt’s action ensures that Oklahoma’s programs won’t have to wait.

By empowering universities to pay athletes now, the executive order eliminates the competitive disadvantage that could arise if other states or conferences move faster.

“This executive order ensures that these student-athletes have access to the same opportunities as their peers in other states,” Stitt said in a statement to The Oklahoman. “It’s about leveling the playing field and maintaining the competitive edge that defines Oklahoma athletics.”

The directive shields Oklahoma’s universities from potential fallout if no settlement is reached or if revenue sharing fails to be universally adopted.

Even in the absence of a federal resolution, Oklahoma schools will be equipped to support their athletes directly. This foresight guarantees stability in a landscape defined by uncertainty, setting a standard that other states may soon follow.

Advertisement

Crucially, the order prohibits the use of taxpayer dollars for NIL payments, instead allowing the creation of foundations to act as clearinghouses for third-party contributions. These foundations provide a transparent and legally sound mechanism for entities to support athletes without fear of reprisal from organizations like the NCAA or athletic conferences.

Stitt’s move also addresses a unique challenge within Oklahoma’s collegiate landscape.

The state’s four Division I programs: The Oklahoma Sooners, Oklahoma State Cowboys, Oral Roberts Golden Eagles, and Tulsa Golden Hurricane compete in different conferences, each with its own NIL policies.

This fragmentation risks creating inequities among schools, but the executive order establishes a unified approach, ensuring all institutions can operate on a level playing field.

The response from Oklahoma’s university leaders has been overwhelmingly positive.

Advertisement

Oklahoma Sooners president Joseph Harroz Jr. praised the measure’s potential to support student-athletes while preparing institutions for the eventual transition to revenue sharing.

“This action strengthens our ability to recruit, retain, and cultivate extraordinary talent, positioning our student-athletes for success in every aspect of their lives,” Harroz said.

Oklahoma State president Kayse Shrum echoed these sentiments, highlighting how the order benefits both athletes and fans.

“Today’s executive order brings exciting possibilities for our institutions, our student-athletes, and our fans,” Shrum stated.

By enabling direct NIL payments now, Stitt’s executive order accelerates the shift from collective-driven compensation models to the more comprehensive revenue-sharing systems widely seen as the future of collegiate athletics.

Advertisement

This proactive approach ensures that Oklahoma’s programs won’t be left behind, even as federal and legal discussions drag on.



Source link

Continue Reading

Trending