In articles from Responsible Investor and Reuters, litigation & enforcement partner Robert Skinner discussed a temporary injunction brought against an Oklahoma law prohibiting state pension systems from investing in entities that limit business with fossil-fuel companies.
“The principles animating the court’s reasoning should resonate broadly,” Robert commented in Reuters, referring to the many anti-ESG measures currently being disputed across the country.
“Many of these statutes are vulnerable to the same critique – that using pension assets as a political tool for the supposed ‘protection’ of particular industries runs afoul of state law mandates that pensions must be managed solely in the interest of retirees,” Robert added.
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