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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Los Angeles, Ca
L.A. Jewish institution among targets of foiled terrorist attack, U.S. officials say
A Jewish institution in Los Angeles was among the locations targeted in a recently foiled terrorism plot, U.S. Attorney for the Southern District of New York Jay Clayton announced this week.
The thwarted terrorist attacks were the result of the recent arrest of Mohammad Baqer Saad Dawood Al-Saadi, an Iraqi national and senior member of Kata’ib Hizballah, U.S. officials said.
“Mohammad Baqer Saad Dawood Al-Saadi, a commander for the terrorist organization, Kata’ib Hizballah, faces serious charges for his role in numerous attacks against U.S. interests across the globe, including his efforts to kill on U.S. soil,” Clayton said. “As alleged, for years, Al-Saadi committed himself to furthering the terrorist goals of Kata’ib Hizballah and the IRGC, two terrorist organizations dedicated to harming the United States and its allies.”
Al-Saadi recently attempted to carry out attacks in the U.S., officials said, including attacks at Jewish cultural places of interest in New York, Los Angeles and Scottsdale, Ariz.
“Al-Saadi attempted to disrupt American society through intimidation and violence,” a press release from the U.S. Attorney’s Office reads. “… Those who engage in or support terrorism against Americans and on U.S. soil should take note: the whole of the federal government is committed to dismantling terrorist organizations and bringing their members to justice.”
In a three-month period, Al-Saadi allegedly directed 18 terrorist attacks throughout Europe, including bombings, arson, and assaults targeting American citizens and points of interest. Prior to his arrest, national security officials say he was planning similar attacks on U.S. soil. Assistant Attorney General for National Security John A. Eisenberg said that Al-Saadi “presented a serious threat to our national security.”
The European attacks included the bombing of the Bank of New York Mellon, an American bank, in Amsterdam on March 15. On April 29, two Jewish men, one of whom was a dual U.S.-British citizen, were stabbed and seriously injured in London.
In 2020, Al-Saadi took to social media, calling for others to attack and kill Americans in retribution for the deaths of Iranian military officer Qasem Soleimani and Iraqi military commander Abu Mahdi al-Muhandis, U.S. officials said. In more recent months, Al-Saadi allegedly used social media to encourage the killing of Americans and Jews to further the terrorist goals of Kata’ib Hizballah and the Islamic Revolutionary Guard Corps.
“In or about February 2026, for example, AL-SAADI posted on one of his social media accounts a message in Arabic, which read in part, ‘Do not abandon the blood of your Imam of the time, oh Shiites of Iraq. Kill everyone who supports America and Israel. Do not leave any of them remaining. Civil and military targets, as well as voices of discord, kill them everywhere.’” U.S. officials said.
NYPD Commissioner Jessica S. Tisch confirmed that one of the U.S. targets was a Manhattan synagogue. On April 3, Al-Saadi allegedly spoke to an undercover law enforcement officer whom Al-Saadi believed could carry out attacks in the U.S. That same day, Al-Saadi allegedly texted the undercover officers photographs and maps showing the exact location of a prominent Jewish synagogue in New York City.
Officials have not said what specific locations in L.A. and Arizona were targeted by the terrorist group.
Al-Saadi now faces numerous charges for these crimes in U.S. court. If convicted, he could be sentenced to life in prison.
The case is under investigation by the FBI’s New York Joint Terrorism Task Force, which is comprised of investigators and analysts from the FBI, the NYPD, the FBI Washington Field Office, Counterterrorism Division, and more than 50 other federal, state, and local agencies. Investigators also received help from the Department of Justice’s National Security Division, Counterterrorism Section, the Office of International Affairs of the Justice Department’s Criminal Division, and U.S. Customs and Border Protection.
A man armed with a knife was shot by L.A. police officers responding to an assault with a deadly weapon call overnight, authorities said.
According to the Los Angeles Police Department, officers with the Hollenbeck Division responded to an apartment complex in the 3000 block of Glenn Avenue in Boyle Heights at 1:45 a.m. Saturday after callers reported a male suspect was armed with a knife and had just assaulted someone in the complex.
Arriving officers found the suspect in front of the residence, but he did not comply with officers’ commands to drop the weapon. He then advanced toward the officers and an officer-involved shooting occurred, LAPD confirmed.
“The suspect was struck by gunfire and remained non-compliant,” the LAPD Public Information Officer said on X early Saturday morning. “Officers deployed a 40mm foam round and ultimately took the suspect into custody.”
Video obtained by KTLA shows the man being loaded into an ambulance and taken to a hospital; officials said he was transported in stable condition, adding that his knife was recovered at the scene and booked as evidence.
No officers or community members were injured during the incident. The man’s name was not released.
Dangerous rip currents and high surf are forecast for Los Angeles County beaches, including the Malibu Coast this weekend.
The National Weather Service has issued a hazardous beach statement, warning of the potentially deadly beach conditions. The dangerous conditions are forecast to last from Saturday evening to Monday morning.
“There is an increased risk of ocean drowning,” the NWS forecast reads. “Rip currents can pull swimmers and surfers out to sea. Waves can wash people off beaches and rocks, and capsize small boats nearshore.”
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A guide to surviving rip currents from the National Weather Service (NWS)
Minor Beach erosion and coastal flooding is possible through the weekend. The flooding is most likely to occur during evening high tides from 7 p.m. to 11 p.m.
Beachgoers are advised to stay out of the water and remain near lifeguard towers. Jetties and tidepools are also especially dangerous during the weekend forecast.
“Rock jetties can be deadly in such conditions, stay off the rocks,” the NWS forecast reads.
Similar hazardous beach conditions are also in the forecast for Santa Barbara County. A high surf advisory is also in effect for Santa Barbara and San Luis Obispo counties this weekend, where 10 to 15-foot waves will be possible.
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