05.08.24

Oklahoma Court Halts Enforcement of Anti-ESG Law Targeting BlackRock, JPMorgan

by: Jack Pitcher

A judge in Oklahoma granted a temporary injunction that will halt enforcement of an anti-ESG law that prevents the state from doing business with banks and asset managers accused of boycotting the oil and gas industry. BlackRock, JPMorgan Chase and Bank of America are among the firms that were blacklisted after the state's Energy Discrimination Elimination Act was signed into law. Entities including the state treasury and some pension plans sought exemptions to the law, saying it was complex and expensive to cut ties with some of the world's largest financial firms.

Read the full article on The Wall Street Journal