OKLAHOMA CITY (May 9, 2024) – Expressing disappointment with state Treasurer Todd Russ and his chosen legal counsel, Attorney General Gentner Drummond announced today the termination of the outside attorney and the removal of Russ from any decision-making authority in the lawsuit defending Oklahoma’s anti-ESG (environmental, social, and governance) law.
Drummond's actions follow an Oklahoma County District Court ruling earlier this week that enjoined the Oklahoma Energy Discrimination Act of 2022 from enforcement. Russ is being sued by a retired state employee who claims that the treasurer’s enforcement of the law jeopardized the retiree’s pension.
The law prohibits state contracts and pension system investments with financial institutions that discriminate against the oil and gas industry.
“It is extremely disappointing that the counsel hired by Treasurer Russ was unable to secure a favorable ruling in defense of Oklahoma’s anti-ESG law,” Drummond said. “Because of this failure, the law is now on hold and at risk of being struck down entirely. Oklahomans deserve better.”
Drummond stated he had initially chosen a separate firm to serve as outside counsel on the matter but deferred to Russ after the treasurer insisted on selecting his own attorney to defend the law. The Attorney General expressed regret over extending that professional courtesy.
“Treasurer Russ was insistent that he be allowed to choose his own counsel to defend the lawsuit, and I acquiesced,” said Drummond. “No longer will I allow professional courtesy to influence my decisions on this matter. Effective immediately, I have terminated Treasurer Russ’s hand-picked counsel and removed the treasurer from any decision-making role in the lawsuit. My office will handle all elements of the case moving forward.”