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Deep red state proposal triggers ESG concerns: 'Raises a lot of questions'

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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.

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“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.” 

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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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Los Angeles, Ca

Water main break floods West Hollywood streets, traps cars

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Water main break floods West Hollywood streets, traps cars

A broken water main sent water gushing from an apartment building and turned nearby streets into rivers in West Hollywood early Thursday morning. The break was reported around 3 a.m. near Holloway Drive and Sunset Boulevard. “It’s a rupture of one of the significant mains that goes through here. West Hollywood, as it turns out, […]

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Los Angeles, Ca

Remains of murder victim identified as missing Southern California millionaire 

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Remains of murder victim identified as missing Southern California millionaire 

After more than four decades, the remains of a woman who was found buried in the mountains of Riverside County were identified as a multi-millionaire who went missing in 1981.

The body of Thelma Gaston was discovered by a person gathering firewood in a mountainous area near Sugar Loaf Mountain and the Pinyon Crest community on Nov. 28, 1981.

After experiencing a series of heartbreaking life events, including the death of her husband and her 32-year-old son in the same year in 1957, Gaston continued forging ahead, focusing on her business of buying repossessed properties and selling them. 

By 1980, she had amassed a fortune estimated to be over $20 million, SFGATE reported.

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On June 28, 1981, a note was left on the front door of her home near Century City, saying she was out searching for her cat. However, she never returned home and her loved ones did not hear from her.

By then, Gaston was 80 years old. As Los Angeles Police Department detectives investigated her disappearance, they discovered a younger man, Lawrence Remsen, then 39, had recently entered her life and was the woman’s romantic companion, SFGATE reported.

At one point, the woman’s friends said Gaston had wondered about Remsen’s motives in being with her.

Police eventually found letters and documents reportedly signed by Gaston that gave Remsen power of attorney. Another letter allegedly written by the woman claimed she had run away “to have some fun in life.” However, her friends said the move was completely out of character.

Detectives later confirmed the letters were certified with a stolen notary stamp and her signatures were believed to be forged. 

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Remsen had tried selling some of Gaston’s properties and attempted to withdraw more than $100,000 from her bank accounts. Remsen eventually fled the Southern California area.

A few months later, he was arrested by border agents when he tried to enter the U.S. from Mexico. He was charged with Gaston’s murder even though the woman’s body had not been found.

During a trial hearing, Remsen later claimed he found the woman dead of natural causes in her home and, attempting to take her fortune, had disposed of her body in the ocean.

The judge disagreed and later ruled that Remsen had killed the woman “intentionally and with malice.” He was convicted of murder and sentenced to life in prison.

Gaston’s body was later discovered buried in a shallow grave in the mountains. However, due to the poor condition of the remains, investigators were unable to narrow down an identity.

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A breakthrough occurred in 2022 when the Riverside County Sheriff’s Coroner’s Bureau received new funding to reexamine long-standing unidentified cases. 

“Combined with significant advances in forensic science, this funding opened new avenues for identification,” the sheriff’s office said.

In May 2026, utilizing investigative genetic genealogy and dental records, the remains were positively identified as Gaston’s.

“The Riverside Sheriff’s Coroner’s Bureau extends its sincere appreciation to everyone whose dedication, expertise, and perseverance made this identification possible,” officials said in a statement. “Together, these efforts have ensured that Ms. Gaston has her name—and her story—returned to her.”

Remsen, who is now 83 years old, continues serving his life sentence at the California Institution for Men in Chino.

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Los Angeles, Ca

Southern California hits hottest day of its extreme heat warning

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Southern California hits hottest day of its extreme heat warning

Southern California remains under an extreme heat warning as residents brace for the hottest day of the week on Wednesday.

“It will be roasty toasty in the valleys, lower mountain elevations and far interior, with highs ranging from 100 to 110 degrees,” the National Weather Service said. The warmest conditions are expected in the western San Fernando Valley.

An extreme heat warning remains in effect for much of Southern California until 8 p.m. Thursday. Forecasters say there is a high risk of heat-related illness for anyone outdoors for extended periods. Heat advisories are also in place for areas along the coast.

“Highs for today: 98 in Ojai, 100 in Ontario. Temecula, good morning to you, 100 degrees expected there. 112 in Palm Springs. Unbelievably hot,” KTLA’s Kirk Hawkins said Wednesday morning.

Southern California will be under an extreme heat warning from July 14-16, 2026. (National Weather Service)

Residents are urged to adjust their afternoon plans to limit strenuous outdoor activities during the heat of the day, stay hydrated and check in on elderly neighbors and loved ones.

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The Weather Service said record highs are slightly warmer than those forecast for Wednesday. As a result, despite the extremely hot conditions, few, if any, temperature records are expected to be broken.

A few degrees of cooling are expected Thursday, but a more significant cooldown will arrive Friday as onshore winds increase.

Afternoon highs are expected to cool even more over the weekend, with below-average temperatures possible in some areas.

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