Legal moves taken by Oklahoma Attorney General Gentner Drummond to defend the state treasurer in a lawsuit attacking the constitutionality of the Oklahoma anti-ESG law go before an Oklahoma County District Judge on Friday—the same judge who suspended enforcement of the Act a few months earlier. District Judge Sheila Stinson, who temporarily halted enforcement …
First rural broadband expansion project to be launched next week in southern Oklahoma
One of the first projects to see the actual turning of dirt for Oklahoma’s broadband expansion program is scheduled to begin in a week in the southern part of the state. The Oklahoma Broadband Office announced it will launch the project with 360 Broadband, a company that will install fibre optics to improve access to …
Democrats in Congress want fast implementation of rules to cut methane emissions
New Mexico U.S. Sen. Martin Heinrich, a Democrat on the Senate Energy and Natural Resources Committee led a push by 40 lawmakers for Transportation Secretary Pete Buttigieg to put the wraps on a strong Gas Pipeline Leak Detection and Repair Rule to reduce methane emissions, especially in the nation’s oil and gas fields. …
AG says what SEC is doing amounts to a ‘power grab’
Oklahoma Attorney General Drummond is pushing back against an illegal power grab by the U.S. Securities and Exchange Commission (SEC) to regulate cryptocurrencies. The SEC’s attempt could result in keeping states from protecting their citizens from scams. In 2023, Americans lost more than $4.6 billion to fake investment scams — more than any other reported …
Oklahoma still one of the cheapest places for gasoline in the country
Despite rising from $3 a gallon average in the past month to $3.14 a gallon for gasoline this week, Oklahoma remains one of the top ten states with the cheapest gasoline prices in the country. AAA reported the new state average is a penny lower than a week ago but 14 cents higher than …
Energy briefs
** An anonymous whistleblower will receive more than $37 million for helping financial regulators investigate misconduct, according to the US Securities and Exchange Commission. Neither the enforcement action nor the identity of the whistleblower were disclosed, following agency policy. ** Several environmental advocacy groups, including the Environmental Integrity Project, Earthjustice and the Sierra Club have …
John Deere is latest to dump ESG and DEI policies
While DEI and ESG policies are in Oklahoma news— the lawsuit challenging the state’s anti-ESG law and how BlackRock has been banned from state business, two more major companies have decided to drop their similar policies. And both are synonymous with Oklahoma farming. John Deere, the farm equipment maker is the latest to announce …
Earnings drop reported by Blackstone
Blackstone, one of the most dominant financial firms blacklisted by Oklahoma over the company’s ESG policies that discriminate against the oil and gas industry, reported a drop in earnings for the second quarter. The company announced it made profit gains in credit and private equity but also suffered a drop from fee-related earnings that …
ONEOK dividend declared
Investors in ONEOK, Inc. are being given a nearly one dollar a share dividend as the result of action this week by the board of directors, an action that will result of nearly $4 a year for each owned share. The board voted to support a quarterly dividend of 99 cents per share, the …
Wednesday’s crude oil prices rose 2%
After recent losses, crude oil prices rebounded Wednesday by nearly 2%, largely because U.S. crude stocks, such as those held at the Cushing Hub in Oklahoma, dropped more than expected. Plus, there was the impact of a weaker U.S dollar which overshadowed signs of lower economic growth in China, according to Reuters. The U.S. touchstone, …