Oklahoma anti-ESG law blocked by state judge [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
May 8 (Reuters) - A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila Stinson on Tuesday issued a temporary injunction blocking enforcement of the law after finding retiree Don Keenan is likely to succeed in his lawsuit filed last year alleging the law violates the state constitution and is too vaguely written. Oklahoma's 2022 law is among dozens of Republican-sponsored bills across the country that aim to free fossil fuel companies from climate-driven constraints adopted by some Wall Street firms. The laws have led some financial firms like JPMorgan Chase and State Street participation in industry efforts to reduce climate-damaging emissions through their investments. Other, touch on hot-button environmental, social and governance (ESG) topics like abortion rights and firearms. The Oklahoma law prohibits state agencies from doi
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