Wyoming
Wyoming could lose $5 billion from Freedom Caucus’ investments bill. It advanced again Tuesday. – WyoFile
Despite estimates of billions in investment losses, Freedom Caucus lawmakers again advanced a bill Tuesday that would punish contracted financiers who invest Wyoming’s money in funds with environmental, social and governance goals.
The faction, newly in control of the House, is dead set against seeing public investments put into such funds, which it sees as antithetical to Wyoming’s fossil fuel industries.
Blocking investments based on such goals has broad support in the Capitol, and is already reflected in state policies, according to state agency testimony in recent days. But the state’s money managers say a piece of the bill that brings steep financial penalties against financiers who violate the rules against ESG investing would make Wyoming’s combined $40 billion in investments toxic to major firms and thus slow returns.
On the House floor Tuesday, Rep. Bob Nicholas, the former head of the House Appropriations Committee and a veteran of a separate committee that oversees the state’s investments, said Wyoming’s financiers estimate losses approaching $5 billion in lost returns over the next three years.
State retirement system officials have estimated a loss of more than $1.2 billion in returns over the next three years from more than $8 billion in pension funds if managers drop Wyoming as a client. Separately, Wyoming’s Chief Investment Officer Patrick Fleming estimated lost revenue at around $3.5 billion from the more than $30 billion his office manages.
The conflict is fueling fierce debate in the House. Lawmakers long-familiar with the state’s investment funds like Nicholas, R-Cheyenne, and Rep. Steve Harshman, R-Casper, spoke passionately against the bill, saying the House was ignoring people Wyoming had both hired, and in State Treasurer Curt Meier’s case elected, to manage the public’s money.
“We’re debating whether or not the investment professionals that we hire are wrong or right,” Nicholas said. “They’ve got the biggest flashing red light up that you can see.”
During Harshman’s tenure as House speaker, from 2016-2020, he leveraged returns from the state’s trust funds to protect public education through lean budget years. On Tuesday, he sought to defend those assets. The state’s investment pools, built up with mineral royalties, were a “tremendous gift from our forefathers and our energy companies,” that should not be risked, he said. “This is about Wyoming’s future.”
But Harshman and Nicholas’ camp of traditional Republicans no longer command a voting majority on the House floor. The Freedom Caucus does, and its members pushed the bill through its first chamber vote, 34-26. The caucus accounts for 34 House members, according to public membership lists and campaign endorsements.
By a similar margin, 33-25, House members voted down an amendment brought by Nicholas that would have struck the penalty for financiers from the bill. That penalty is driving most of the consternation, and even Nicholas said he might back the bill were it taken out.
But Freedom Caucus lawmakers voiced skepticism of the losses estimated by the state treasurer and managers of the retirement pool, and even some antipathy to those officials.
“Since when do employees of the state tell us what they will and won’t do for us?” Freedom Caucus member Rep. Pepper Ottman, R-Riverton, said.
“These financial teams of the state they’re making a lot of money,” she said, referencing the investment team’s compensation. “If they want to go somewhere else … other states are doing the same thing and it’s not going to be that tough.”
The bill’s primary sponsor, Gillette Republican Rep. Christopher Knapp, offered a more measured defense of the bill. Knapp amended the legislation in response to oppositional testimony during a Friday committee hearing.
But Knapp stuck by the penalty. “All I’m trying to do is codify what those investment managers follow today,” Knapp said during Tuesday’s debate. “Yes that should be written into a contract,” with fund managers, he said. “Yes, [a contract] that will hold people accountable.”
After Nicholas’ amendment failed, lawmakers passed a second one, cosponsored by Knapp. That tweak exempted state employees, but not outside money managers, from the penalties.
“I don’t understand why we are rushing this across an imaginary goal line.”
Rep. Martha Lawley, R-Worland
Monday, after adopting Knapp’s previous amendment, the House Minerals, Business and Economic Development Committee sent the bill to the House floor without taking further public testimony. The committee’s Freedom Caucus members overruled two of their Republican colleagues who sought to reopen testimony and gauge how state officials viewed the change.
Treasurer Meier warned last week that “the better half of my staff are all going to walk out the door,” if the bill passes. He has not since publicly weighed in on the measure’s impacts in the wake of Knapp’s changes.
But Nicholas told his colleagues both Fleming, the chief investment officer, and officials managing the pension fund are sticking by their estimates of dire losses.
Other lawmakers told their colleagues that the news of potential pension fund losses has spawned waves of concerned calls from retired state employees.
The bill is part of the Freedom Caucus’ “five and dime” plan — a package of legislation the bloc has pledged to pass by next week to demonstrate its ability to lead the House.
On the floor Tuesday, one of the Minerals Committee members, Rep. Martha Lawley of Worland, reiterated her frustrations with the committee’s choice not to work on the bill further before sending it to the House floor.
“It’s not a small matter at all,” she said. “We owe [voters] to get it right. I don’t understand why we are rushing this across an imaginary goal line. In their view, we are not authorized to play politics with their retirement fund.”
Wyoming
Idaho semitruck driver involved in fatal accident at Wyoming FlyingJ – East Idaho News
The following is a news release from the Wyoming’s Rock Springs Police Department:
ROCK SPRINGS, Wyo. — The Rock Springs Police Department is investigating a fatal incident that occurred early this morning in the parking lot of the Flying J Travel Center.
At approximately 5:00 a.m., a Flying J employee was working to direct commercial vehicle traffic within the lot. Initial findings suggest that as one semitruck began to move, the employee was positioned between that vehicle and a second stationary vehicle. The employee was subsequently pinned between the two units.
Rock Springs Fire Department and Castle Rock Ambulance arrived on the scene and coordinated life-saving measures. Despite the rapid response and medical intervention, the employee was pronounced deceased at the scene.
The identity of the deceased is being withheld at this time pending the notification of family members.
The driver involved in the incident, a resident of Idaho, remained on-site and has been fully cooperative with investigators. Following an initial statement and questioning, the driver was released. While the investigation remains open, the incident currently appears to be a tragic accident.
We extend our deepest condolences to the family of the deceased and the staff at Flying J. We also want to commend the rapid response and professional life-saving efforts coordinated by Rock Springs Fire and Castle Rock Ambulance during this difficult call.
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Wyoming
Wyoming Gov. Mark Gordon won’t seek a third term. He won’t rule out running for other offices, either
(WYOFILE) – Wyoming Gov. Mark Gordon will not seek a third term, his office announced Thursday. However, the two-term Republican governor has not ruled out running for another office.
“He’s still kind of exploring his options,” Amy Edmonds, Gordon’s spokesperson, told WyoFile.
As candidates across Wyoming have announced bids for various statewide offices in recent months, Gordon has been tight-lipped about his own plans, leading to speculation that he would put the state’s gubernatorial term limits to the test.
In two opinions about a decade apart, the Wyoming Supreme Court ruled that term limits on legislators as well as on most top elected positions in the state were unconstitutional. While the high court has not addressed the qualifications for governor, it’s been widely suggested that a court challenge would be successful. Such was the discussion in 2010, when Democratic Gov. Dave Freudenthal ultimately chose not to seek a third term.
There’s also been speculation that Gordon may run for Congress, which he’s done in the past. In 2008, Gordon ran for the U.S. House of Representatives. He was ultimately defeated by Cynthia Lummis in the primary election. If Gordon seeks the seat in 2026, he’ll join a crowded field that has already attracted at least 10 Republicans. It’s possible he could also be eyeing a run for Wyoming’s soon-to-be open U.S. Senate seat — a choice that would pit him against Rep. Harriet Hageman, whom he defeated in the governor’s race in 2018.
Wyoming’s candidate filing period opens for two weeks at the end of May.
As for the rest of Gordon’s final term in the governor’s office, his “focus remains on essential pillars like supporting core industries, growing Wyoming’s economy, strengthening local communities and families, and safeguarding Wyoming’s vital natural resources,” according to the Thursday press release.
Starting in June, Gordon will set out on a series of community visits to “engage directly with citizens,” the release states, and is particularly interested in having discussions about “protecting our resilient property tax base that funds local services like education, fire protection, police services and others, as well as honoring local control, investing in our future through smart saving and continued stewardship of our wildlife, land, and water.”
The governor also pointed to the Aug. 18 primary election.
“You don’t have to be Governor to make a difference in Wyoming,” Gordon wrote. “Participating in elections is something all of us can do to make a real difference, and these conversations are important to have to ensure everyone makes informed decisions about the future of Wyoming.”
Whether Gordon will run for office is one lingering question — to what degree he will support other candidates is another.
In 2024, Gordon personally spent more than $160,000 on statehouse races, backing non-Wyoming Freedom Caucus Republicans who generally aligned with his positions on energy, economic diversification, mental health services and education.
While many of those races did not go Gordon’s way — the Freedom Caucus won control of the House — the governor is coming off a legislative budget session where lawmakers largely approved his proposed budget.
More specifically, the Legislature’s final budget came in about $53 million shy of the governor’s $11 billion recommendations after significant cuts were floated by the Freedom Caucus lawmakers ahead of the session. Many of those notable cuts — including to the University of Wyoming and the Wyoming Business Council — were ultimately rejected.
While Gordon applauded the final budget, he also said in March he was “saddened by some of the reductions,” including the Legislature’s decision to nix SUN Bucks, the summer food program that fills the gap for kids when there are no school lunches. Wednesday, however, the governor signed an executive order that will start delivering food benefits to Wyoming families as early as June.
Details for Gordon’s upcoming community visits will be posted to the governor’s website, according to the press release.
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Wyoming
(LETTERS) Wyoming Supreme Court judges, congressional responsibility, pregnancy and US involvement in the Middle East
Oil City News publishes letters, cartoons and opinions as a public service. The content does not necessarily reflect the opinions of Oil City News or its employees. Letters to the editor can be submitted by following the link at our opinion section.
Wyoming Supreme Court judge process better than federal’s
Dear Casper,
This letter is in response to Mr. Ross Schriftman’s letter to the editor from April 11. His opinion appears to be that the Wyoming process of selecting Wyoming Supreme Court justices is somehow flawed. Justices are selected through a merit-based assisted appointment process. When a vacancy occurs, a seven-member Judicial Nominating Commission recommends three candidates to the governor, who appoints one.
Appointed justices serve at least one year before standing in a nonpartisan retention election for an eight-year term.
The commission consists of the chief justice as chair/tie-breaker, three attorneys selected by the Wyoming State Bar and three non-attorneys appointed by the governor. The governor must select one of the three nominees provided by the commission to fill the vacancy.
After serving at least one year, justices stand for retention in the next general election. Voters cast a “yes” or “no” vote. If retained, the justice serves an eight-year term.
Candidates must be U.S. citizens, Wyoming residents for at least three years, licensed to practice law, and have at least nine years of legal experience. Justices must retire at age 70.
U.S. Supreme Court are appointed for life!
I would offer that the Wyoming process is superior to that of the U.S. Constitution. Voters are involved the process, which we are not at the federal level.
Wyoming justices can be impeached and removed from office by the state House of Representatives and Senate.
Michael Bond
Casper
Wyoming delegation must answer for President Trump’s Iran policy
Dear Casper,
Sent this to each of our Wyoming congressional delegates. I lived in Montana for years. These are the questions the Daily Montanan asked of their elected congressional representatives.
I ask the same questions of our Wyoming delegation. Montana got no answers. I doubt that we will either.
- President Donald Trump has continued to threaten to hit targets that would affect or kill civilians in Iran. Do you support his stated objectives and deadlines?
- Are you concerned that some of these targets could be construed as attacking civilians and therefore become war crimes?
- Do you have any concerns about wiping out an entire civilization, as Trump has threatened?
- If these are only rhetorical threats, what does that do to our stature in the world when we make threats, but don’t follow through with them?
- Polls have continued to show more than a majority of Americans do not support the efforts against Iran. Why do you support the effort?
- If you do not support the effort in Iran, at what point would you support Congressional intervention or oversight on the issue?
- Have you been briefed and do you believe that there are clear objectives in this war with Iran, and how can you communicate those with your constituents?
- The U.S. has repeatedly criticized Vladimir Putin and Russia for its invasion and treatment of the Ukrainian people and it sovereignty. How does that differ from America’s “excursion” into Iran?
- What is your message for Montanans who are seeing gas prices and the cost of living generally increase?
- Last week, President Trump said that America doesn’t have enough money for healthcare and childcare; further, those things must be left to the individual states in order to fund the military? Do you agree?
- President Trump continues to boost military budgets and request additional funding for the war in Iran. Do you support these?
Tami Munari
Laramie
Pregnancy is personal, not political
Dear Casper,
The recent Wyoming Supreme Court ruling, which affirmed abortion is health care, has caused some who disagree with the ruling to attack Wyoming’s judicial system.
In an opinion letter, candidate Ross Schriftman facetiously writes, “…our God-given First Amendment right of free speech does not apply when criticizing our fellow citizen judges.”
This is the first flaw in his logic because the Constitution was not written by God, therefore the right of freedom of speech was thought up and written by men. God is not the author nor guarantor of personal freedoms — our Constitution and judicial system are.
The second flaw in his argument references a letter signed by 111 professionally-trained, experienced, and well-respected Wyoming judges and attorneys explaining how the courts arrive at their rulings. It is illogical to claim we are all “citizen judges” because even though citizens have a constitutionally-guaranteed right to an opinion, it does not make every citizen a legal expert. The judges’ and attorneys’ excellent letter speaks for itself.
Mr. Schriftman claims the Supreme Court, “… create(d) an absurd definition of health care to include the intentional murder of pre-born human persons; something they did to justify overriding the equal protection clause… .” This logic is flawed because it is based on a conflation of an obsession with “pre-born human persons” and equal protection under the law.
There is significant disagreement on the issue of fetal personhood and who gets to determine it: the doctors? the lawyers? the pregnant woman? the anti-choice crowd?
Many understand and appreciate it has taken women almost 200 years to gain and keep Equal Protection Under the Law, and the disagreement over who is legally, materially, and morally responsible for a fertilized human egg has always been part this historical struggle. But it was the Roe v. Wade Supreme Court decision that finally established a constitutional right, for women and men, to private health care decisions and, since pregnancy is a health condition, that included abortion.
Even though it wasn’t explicit, Roe also effectively affirmed that bestowing of “personhood” is a private determination to be made by the pregnant woman and her God. But, sadly, here we are again, dealing with folks who mistakenly believe they have a right to interfere in someone else’s pregnancy.
The Rev. L Kee
Casper
Why does the U.S. keep troops in oil producing countries?
Dear Casper,
There are two facts that don’t ever seem to be considered by our government that cost us dearly.
Osama Bin Laden said the stationing of U.S. troops in the Middle East was the reason Al Qaeda attacked us on 9/11. Does the U.S. believe that the oil producing countries in the Middle East will only sell us oil if we force them to by stationing troops there? I’m not aware of any other countries that believe that.
The other fact is, the U.S. is the only country to ever use a nuclear weapon offensively. There are several countries that have nuclear weapons, including North Korea. The reason countries have been reluctant to use nuclear weapons is MAD, mutually assured destruction. Consequently, is it reasonable to expect Iran, should they develop a nuclear weapon, to attack the U.S., knowing that our superiority in nuclear capability would assure the complete destruction of their country? It clearly would be suicidal for them to do so.
But, just to be cautious, rather than destroying the entire country to deter Iran from acquiring a nuclear weapon, wouldn’t it make more sense to destroy their nuclear infrastructure?
Bill Douglass
Casper
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