The proposed legislation, Senate Bill 714 in Oklahoma, is causing concern among stakeholders due to the potential impact it may have on the state’s energy industry. This bill aims to amend the Energy Discrimination Elimination Act of 2022 by transferring enforcement authority from the State Treasurer to the Attorney General’s office. The State Treasurer, Todd Russ, is particularly concerned about this change as it could lead to a lowering of standards for institutions that publicly oppose oil and gas companies.
The bill’s critics argue that its wording may make it easier for more financial institutions to be added to the list maintained by the treasurer, which includes banks that cannot do business with the state government if they have expressed opposition towards oil and gas companies. This could potentially harm Oklahoma’s energy industry further.
The proposed legislation also raises questions about the constitutional commitment of the Attorney General’s office in overseeing financial investments and affairs within the state. The State Treasurer, as a constitutional officer, believes that this change may lead to a lack of proper oversight for these matters.
In summary, Senate Bill 714 has raised concerns among stakeholders due to its potential impact on Oklahoma’s energy industry and the possible lowering of standards necessary for an institution to be added to the list maintained by the treasurer. The transfer of enforcement authority from the State Treasurer to the Attorney General’s office also raises questions about the constitutional commitment of the latter in overseeing financial investments within the state.
[Original Article](https://www.foxnews.com/politics/deep-red-state-proposal-could-slap-face-energy-industry-top-official-says) #deep #state [Visit GhostAI](https://ghostai.pro/)
[Join our Discord](https://discord.com/invite/zgKZUJ6V8z)