Alliance for Prosperity and a Secure Retirement

Oklahoma’s anti-ESG law was stopped, indirectly, by the state’s voters, who amended the state constitution 32 years ago to keep politics out of public investments. Are lawmakers listening? https://lnkd.in/es2D65uH #apsr #pensionsnotpolitics #retiresecurely 

The state’s initial anti-ESG law was unconstitutional, but Secretary of State Jay Ashcroft tells the St. Louis Post-Dispatch there is “an immediate danger to the public welfare” if nothing cautions people about investment firms that factor environmental, social, and governance into their financial decisions. https://lnkd.in/dTee9fUC #apsr #pensionsnotpolitics #retiresecurely

Watchlist: A group of Republican state attorneys general will get another shot at the U.S. Department of Labor in a Texas federal court in their effort to stop DOL rules allowing fiduciaries to consider ESG factors when picking investments. https://lnkd.in/e9_hF6VP #apsr #pensionsnotpolitics #retiresecurely

While Oklahoma’s AG is appealing a judge’s ruling striking down the state’s anti-ESG law, lawmakers in that state are trying to find a constitutional way to inject their politics into public investments. https://lnkd.in/es2D65uH #apsr #pensionsnotpolitics #retiresecurely 

In a series of emergency rules filed last week, Missouri Secretary of State Jay Ashcroft waded back into the anti-ESG battle that has already cost Missouri taxpayers more than $1.6 million in legal fees after a previous set of regulations floated by Ashcroft was struck down by a federal judge in August as being politically motivated, the St. Louis Post-Dispatch reports. https://lnkd.in/dTee9fUC #apsr #pensionsnotpolitics #retiresecurely

“In their consideration of “responsible investing,” it’s worth restating the costs to taxpayers – in Texas and other places that have issued similar laws. Retirement is already hard and stressful enough without adding partisan politics to the mix,” writes 60Plus on anti-ESG laws. https://lnkd.in/eTfvQ9bj #apsr #pensionsnotpolitics #retiresecurely

Oklahoma is appealing a court ruling that undid the state’s anti-ESG law, and the soap opera politics around that case are really something. Oklahoma Energy Today has the story. https://lnkd.in/dAqTbBsn #apsr #pensionsnotpolitics #retiresecurely

“When the government tries to mandate things that have no relation to financial returns, it will always lead to less competition and lower returns,” 60Plus writes on anti-ESG laws. https://lnkd.in/eTfvQ9bj #apsr #pensionsnotpolitics #retiresecurely

Anything that’s not for “benefits, refunds, investment management, and administrative expenses of the individual public retirement system,” is unconstitutional to include in Oklahoma’s public retirement system, a judge rules. The state AG is appealing that. https://lnkd.in/es2D65uH #apsr #pensionsnotpolitics #retiresecurely

In a legal and political tale worthy of daytime TV, Oklahoma’s anti-ESG law is declared unconstitutional amid a fight between the state treasurer and the attorney general. Oklahoma Energy Today has the lowdown https://lnkd.in/dAqTbBsn #apsr #pensionsnotpolitics #retiresecurely