Earlier this week, Sen. Nathan Dahm, R-Broken Arrow, filed a floor substitute on House Bill 1077 to prohibit environmental, social or corporate governance (ESG) in the state of Oklahoma.
The measure would prohibit any entity in the state, governmental or otherwise, from using ESG criteria or scoring to screen potential investments.
“ESG scores are simply the newest socialist fad,” Dahm said. “In the decades-long fight to destroy freedom, capitalism is frequently targeted. ESG and terms like ‘stakeholder capitalism’ are clever rhetorical devices attempting to mask the real goal – to destroy the free-market systems that have brought us unrivaled freedom and prosperity. If we want to preserve this freedom for ourselves and our posterity, we must stay vigilant.”
The measure is now available to be heard by the full Senate.