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After the wildfires — lessons on being prepared | SaltWire #wildfire #novascotia #thinkingoutoud - 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.
Other, similar laws touch on hot-button environmental, social and governance topics like abortion rights and firearms. In her ruling, Stinson said the state constitution requires retirement funds be managed for the exclusive benefit of their beneficiaries, but the law appears aimed at countering certain political agendas and to help the oil and gas sector. Stinson also said the law contains conflicting and unclear definitions for key terms.
Robert Skinner, a lawyer at the law firm Ropes & Gray, said “the principles animating the court’s reasoning should resonate broadly" in other states with similar laws.
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