Oklahoma Supreme Court Overturns ESG Law Affecting Public Pension Funds
The Oklahoma Supreme Court has invalidated the state's Energy Discrimination and Elimination Act, a law that restricted state business with financial firms accused of boycotting oil and gas companies. The court's decision was based on a provision in the Oklahoma Constitution that mandates public pension funds be managed solely for the benefit of their members. The law was challenged by attorney Collin Walke, who argued that it improperly allowed political considerations to influence investment decisions. The ruling prevents the law from being applied to the Oklahoma Public Employees Retirement System, which manages retirement funds for thousands of state workers. However, the decision does not automatically eliminate the law in all contexts, leaving open the possibility it could still affect other state entities. 
