Oklahoma Sued Over Anti-ESG Law Targeting BlackRock (1)

An Oklahoma pensioner is challenging a state law that targets financial firms, including BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies.

Don Keenan, a former state employee, is seeking a temporary restraining order against Oklahoma Treasurer Todd Russ and the state over the 2022 law enacted by the Republican legislature. As part of the legislation, Russ released a list of six firms that are restricted from doing business with the state.

The lawsuit, filed on Monday in the district court of Oklahoma County, said the legislation is unconstitutional and violates the First Amendment. “The ...