Southwest
Deep red state proposal triggers ESG concerns: 'Raises a lot of questions'
Oklahoma’s state treasurer is raising concerns about legislation he says could open the door further for the controversial practice of “environmental, social and governance” in the deep red state.
Senate Bill 714 would amend the Energy Discrimination Elimination Act of 2022 to take away the treasurer’s “enforcement authority” of the law and give it to the state Attorney General’s office.
The treasurer maintains a list of several banks that cannot do business with the state government of Oklahoma if the institution has publicly expressed opposition to oil and gas companies.
Critics argue that wording in the legislation would lower the standards necessary for an institution to be on the list and how agencies enforce it.
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The BlackRock logo outside its offices in New York City. (Reuters/Brendan McDermid/File Photo)
“The bill actually removes the treasurer from oversight of the investment behaviors of big financial institutions and proposes to put it under the attorney general’s office,” Oklahoma State Treasurer Todd Russ told Fox News Digital regarding Senate Bill 714. “So, I mean, that alone raises a lot of questions.
“As a constitutional officer in the state treasurer in Oklahoma, why would you want someone that doesn’t have the constitutional commitment and obligation to oversee the financial investments and affairs of the state to be under the treasury and move it to a different constitutional office?” he continued.
The 2022 state law is facing “ongoing” legal challenges, which makes its fate unclear. The law is meant to avoid supporting institutions some leaders see as looking to harm the state’s energy industry.
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“Over the years, those subject matters have become very politicized. I mean, it’s not a financial issue. It’s a social agenda that they’ve woven into the investments,” Russ said of ESG.
“The state of Oklahoma’s not trying to get on the other side of that behavior. We’re trying to take a stand to say, ‘Look, stay out of the political arena with my investments. Our investments.’ We are solely concerned about the financial performance and profits of our investment, and we don’t want outside people using it for political leverage. So, when it comes to environmental issues, oil and gas is very important to Oklahoma. We don’t want them acting against the interests of the oil and gas industry.”
Republican Wyoming Gov. Mark Gordon discouraged increased spending as oil and gas revenues and a budget surplus leave the state in optimal financial standing. (AP Photo/J. David Ake, File)
Fox Business reported in 2023 that the list from Russ resulted from inquiries about energy investment practices to numerous banks, and it bars the banks on the list from partaking in key state investments like pension funds.
Oklahoma Attorney General Gentner Drummond’s office said, “This bill is only necessary because of the treasurer’s dismal failure to successfully defend the Oklahoma Energy Discrimination Act of 2022. That was the real slap in the face to the oil and gas industry.
“The act prohibits state contracts and pension system investments with financial institutions that discriminate against the oil and gas industry.”
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An oil worker walks toward a drill rig after placing ground monitoring equipment in the vicinity of the underground horizontal drill in Loving County, Texas. (Reuters/Angus Mordant)
Republican state Sen. Dave Rader, the bill’s sponsor, told Fox News Digital in an email he plans on making some amendments to the legislation, including “further clarifying the definition of boycott energy company to include voting on shareholder proposals which penalize or inflict harm, adding legislative intent to make clear that the purpose of the bill is to protect retirement systems, eliminate the word ‘predominantly’ in the definition of ordinary business purpose to make clear that any pro-ESG action is not allowable [and] eliminate the inclusion of transaction costs when determining a loss which presumably could keep delay divestment indefinitely.”
However, Rader’s suggested amendments in the email have not yet been made official, according to the Oklahoma State Legislature’s website, where the legislative text is shown.
The legislation would need to go to a vote in the full Senate by March 27 before potentially heading to the state House of Representatives.
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Southwest
Trump introduces Cornyn, Paxton but stays mum on endorsement in heated GOP primary
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The Texas Senate primary for Republicans is a bloodbath, and President Donald Trump isn’t wading in.
Trump, who appeared in Corpus Christi, Texas, to tout his energy agenda Friday, had the opportunity to stake his claim in the contentious race and endorse a candidate.
Sen. John Cornyn, R-Texas, is the longtime incumbent fending off seven challengers.
But the real race is between Cornyn, Texas Attorney General Ken Paxton and Rep. Wesley Hunt, R-Texas.
President Donald Trump stops to speak to the media as he departs from Marine One on the South Lawn of the White House Feb. 27, 2026, in Washington, D.C. ( Heather Diehl/Getty Images)
All three were in attendance at Trump’s rally, reminiscent of the made-for-TV spectacles that dominated his successful 2024 election campaign. Yet Trump didn’t endorse any of them as Election Day in the primary fast approaches.
Trump acknowledged all three — he paired Cornyn and Paxton and mentioned Hunt later in his remarks. He noted that they were all engaged in an “interesting election.”
“They’re in a little race together,” Trump said of Cornyn and Paxton. “You know that, right? A little bit of a race. It’s going to be an interesting one, right? They’re both great people, too.”
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Texas Attorney General Ken Paxton and John Cornyn, R-Texas (Getty Images)
Cornyn is running for a fifth term in the Senate and fighting for his political life in a nasty primary election that Trump has time and again refused to weigh in on. He’s got the full weight of Senate Republican leadership behind him, too.
Paxton, who has faced headwinds with scandals over the years, has strongly aligned himself with the president and built a coalition of conservative backers in the House, including Rep. Troy Nehls, R-Texas, who brought him to Trump’s State of the Union earlier this week.
And while the trio duke it out, money is being burned at a record pace. So far, a whopping $110 million has been spent on the Senate primaries, and $88 million of that has been dumped into the GOP contest, according to data from AdImpact.
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Rep. Wesley Hunt, R-Texas, walks up the House steps for a vote on the budget resolution in the U.S. Capitol April 10, 2025. (Bill Clark/CQ-Roll Call, Inc via Getty Images)
Given the crowded field, it’s likely the race will head to a runoff, which will turn into a brutal sprint until late May. Paxton believes he could come out on top with at least 50% of the vote come March 3, while Cornyn is eying the long game.
The coveted Trump endorsement could put either over the top in ruby red Texas. And he may be close to picking his favorite.
Ahead of the event, Trump was asked if he had decided who to endorse.
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“Pretty much,” he told reporters.
But when asked if he would say who, he said, “No.”
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Southwest
Jasmine Crockett reveals Colbert hasn’t invited her on show since furor over Talarico interview
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Rep. Jasmine Crockett, D-Texas, revealed Friday she’s still not been asked to appear on Stephen Colbert’s “Late Show,” days after the host claimed pressure from the Federal Communications Commission effectively censored an interview with her Senate primary political opponent, James Talarico.
Earlier this week, Colbert said CBS prevented the broadcast of Talarico’s appearance due to guidance from the FCC requiring shows to provide “equal time” to opposing candidates.
In response, the late-night host criticized the FCC and his own network. The Talarico interview was posted online, where it has garnered more than 8 million views on YouTube alone. The tumult and extra attention to the interview helped raise more than $2.5 million for Talarico’s campaign.
“No, I’ve not been invited on Colbert prior to his interview nor post his interview,” Crockett said on MS NOW’s “Morning Joe” Friday.
Rep. Jasmine Crockett speaks to members of the media following a House Oversight and Accountability Committee deposition in New Albany, Ohio, on Wednesday, Feb. 18. (Dustin Franz/Bloomberg via Getty Images)
Crockett explained that while she has appeared on Colbert’s show twice before, she has not been invited since she launched her candidacy for the U.S. Senate.
“The only information that I got was after this debacle took place, I did receive a phone call from the parent company,” Crockett said.
She said that CBS representatives told her they did not tell Colbert he couldn’t air the Talarico segment. Instead, they said that if he had Talarico on, he had to offer the same time to Crockett.
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Texas state Rep. James Talarico, left, and Rep. Jasmine Crockett, both Democrats and U.S. Senate candidates, participate in a debate during the 2026 Texas AFL-CIO COPE Convention in Georgetown, Texas, on Jan. 24. (Bob Daemmrich/The Texas Tribune/Bloomberg via Getty Images)
“They just said, if you air it, just make sure that you offer the representative equal time. Now, obviously, I wasn’t engaged in that conversation, so I cannot confirm the veracity of any statements,” she said.
“But I can confirm that I had never been asked to go on as it relates to kind of talking about the Senate race,” Crockett added.
CBS released a statement denying it censored Colbert, insisting the show chose to share the interview on YouTube instead to avoid the equal-time requirement.
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Texas state Rep. James Talarico appears with Stephen Colbert on “The Late Show with Stephen Colbert,” in New York on Feb. 16. (Scott Kowalchyk/CBS via Getty Images)
However, during Monday night’s broadcast, Colbert insisted he and his guest were being censored, telling his audience, “[Talarico] was supposed to be here, but we were told in no uncertain terms by our network’s lawyers, who called us directly, that we could not have him on the broadcast.”
The media attention and Colbert’s multiple segments this week about the controversy provided a boon to Talarico’s campaign. On Tuesday, Colbert crumpled up the CBS statement denying it had forced the comedian not to air the interview and put it into a dog waste bag before throwing it away.
On Wednesday, FCC Chairman Brendan Carr dismissed the controversy as a “hoax,” stating that Talarico “took advantage of all of your sort of prior conceptions to run the hoax, apparently for the purpose of raising money and getting clicks. And the news media played right into it.”
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A spokesperson for Colbert’s show didn’t immediately respond to a request for comment from Fox News Digital.
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Southwest
Crockett blasts ‘left’ for alleged skin darkening in ads as Texas Senate clash heats up
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A progressive House Democrat claims that attacks from her left were racially motivated in what’s become an explosive Texas Senate race.
Rep. Jasmine Crockett, D-Texas, told supporters that she’s used to attacks from Republicans and the right, but racially tinged shots from her left flank weren’t something she expected.
“The thing that is not normal is for me to be attacked from the left,” Crockett said. “That is the new wild card in this scenario. But it’s just interesting.”
Rep. Jasmine Crockett speaks to members of the media following a House Oversight and Accountability Committee deposition in New Albany, Ohio, Feb. 18. (Dustin Franz/Bloomberg via Getty Images)
“And you know, I’ve been asked a couple of times about it,” she continued. “And you know, I look at this specifically as a civil rights lawyer, and I see when they’re sending out ads and they’re darkening my skin. And I’m just like, I know what this is, right?”
Crockett did not get into specifics about which ads she was referencing or who was behind them.
Fox News Digital reached out to the Democratic Senatorial Campaign Committee and Crockett’s Senate campaign for comment but did not immediately hear back.
It’s another instance in the Democratic primary for Texas’ Senate seat between Crockett and Texas state Rep. James Talarico in which race has again been jolted into the conversation.
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Rep. James Talarico appears with Stephen Colbert on the CBS series “The Late Show with Stephen Colbert,” in New York Feb. 16, 2026. (Scott Kowalchyk/CBS via Getty Images)
Before the latest drama over Talarico’s appearance on Stephen Colbert’s “The Late Show,” which Crockett said she has not received an invitation to since launching her Senate campaign, the state lawmaker was embroiled in another back-and-forth with his former opponent.
Before Crockett entered the contest, Talarico was running against former Rep. Collin Allred, D-Texas, who was again vying for the Senate after losing to Sen. Ted Cruz, R-Texas, in 2024.
Allred exited the race in December 2025 but earlier in February alleged that Talarico had referred to him as a “mediocre Black man” in reference to his campaign against the former lawmaker.
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Talarico pushed back against the allegation in a statement to the Texas Tribune at the time and said that he would “never attack him on the basis of race.”
“As a Black man in America, Congressman Allred has had to work twice as hard to get where he is,” Talarico said. “I understand how my critique of the congressman’s campaign could be interpreted given this country’s painful legacy of racism, and I care deeply about the impact my words have on others. Despite our disagreements, I deeply respect Congressman Allred. We’re all on the same team.”
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Early voting already is underway in Texas, with primary election day right around the corner on March 3.
Who either Crockett or Talarico will face in November remains in the air, given the three-way Republican primary battle among Sen. John Cornyn, R-Texas, Texas Attorney General Ken Paxton and Rep. Wesley Hunt, R-Texas.
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