Louisiana
Executive and Legislative Actions
- Louisiana – adopted HCR 70 – a resolution (not a bill) requiring the state treasurer and retirement system to report on companies that do not invest in certain energy companies.
- Passed May 2023
Legal Actions
- 17 AGs file motion to stop BlackRock from using utility companies to push ESG agenda
- 19 Attorneys General Investigate Six Major Banks over ESG Investing
- 18 AGs Open Investigation into ESG Ratings Company Morningstar and its Subsidiary Sustainalytics
- Letter to Morningstar and Sustainalytics
- 16 Attorneys General Send Letter to BlackRock Demanding Answers for its ESG activism and Violation of Fiduciary Duty
- 16 AGs Probe Wells Fargo for Debanking
- 24 State Attorneys General Send Letter to 25 Asset Managers Questioning Their ESG Support
- 22 Attorneys General Question Nasdaq’s Compliance with Anti-Discrimination Laws
- 23 States Provided Comment to the U.S. Department of Labor in Response to the Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” that would allow ERISA to make ESG considerations for investments.
- 23 States Provided Comments to OCC Regarding the Proposed Principles “Risk Management: Principles for Climate-Related Financial Risk Management for Large Banks”
- 24 States Provided Comments to the MSRB in Response to the “Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market.”
- 23 States Provided Comments Submitted to U.S. Department of Labor Requesting Information on Possible Agency Actions to “Protect Life Savings and Pensions from Threats of Climate Related Financial Risk”
- 21 AGs Provided Comment to the SEC Proposed Rule “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices”
- 17 Attorneys General Send Letter to Comptroller of the Currency (OCC) Hsu Regarding the Appointment of the Climate Risk Officer and the Misguided Focus on “Climate-Related Financial Risk”
- 14 Attorneys General and Consumers’ Research file motion with FERC to prevent Vanguard from authorization to purchase energy shares
- 16 AGs demand Biden Admin reverse course on progressive climate policies leading to SVB collapse
- 25 State AGs slam SEC proposed rule on NACs as unlawful and bad policy
- 19 State Attorneys General file complaint with the Federal Energy Regulatory Commission Challenging the Federal Government for Overstepping Authority and Forcing Costly “Green Energy” Transition on States
- 20 State Attorneys General Send Letter to Treasury Secretary Janet Yellen objecting to Biden/Harris Admin Stance on Debanking Practices
- 19 State Attorneys General file complaint with the Federal Energy Regulatory Commission demanding private asset managers be prevented from purchasing ownership stake in public utility companies
- 23 AGs put companies on notice Net Zero alliances could mean Antitrust Violations
- 22 AGs Demand Answers Over Climate Group Antitrust Violations
- 19 AGs Sent a Letter to BlackRock Calling Out Their ESG Practices with State Pension Investments
- Louisiana Attorney General Launched Investigation into Climate Action 100+ Steering Committee
- 19 Attorneys General Send Letter to JP Morgan Chase Bank CEO Warning Against Discrimination Towards Customers for Religious or Political Affiliation
- 18 state Attorneys General probe MSCI for BDS practices against Israel
- 25 AGs Blast Biden Admin’s Electric Vehicle Demands in Letter
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Financial Actions
- LA Treasurer Schroder Divests $794 Million From BlackRock
- 23 States Provided Comment to the U.S. Department of Labor in Response to the Proposed Rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” that would allow ERISA to make ESG considerations for investments.
- 23 States Provided Comments to OCC Regarding the Proposed Principles “Risk Management: Principles for Climate-Related Financial Risk Management for Large Banks”
- 24 States Provided Comments to the MSRB in Response to the “Environmental, Social and Governance (ESG) Practices in the Municipal Securities Market.”
- 23 States Provided Comments Submitted to U.S. Department of Labor Requesting Information on Possible Agency Actions to “Protect Life Savings and Pensions from Threats of Climate Related Financial Risk.”
- 18 States Provided Comments to SEC Proposed Rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors.”
- 16 States Provided Comments submitted to FDIC Proposed Principals on the “Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions”
- 22 State Financial Officers demand answers from Yellen on debt ceiling plan
- 23 State Financial Officers from 22 States sent letter to SEC urging Chairman Gensler to re-open comment period on Natural Asset Companies (NACs) rule in the NYSE
- 30 state financial officers send letter to SEC urging the rejection of a rule allowing the privatization of public lands
- 18 States Send Letter to President Biden Opposing Nominee Saule Omarova to U.S. Comptroller of the Currency because of her Radical Views on Controlling the Private Banking Sector
- 21 States Send Letter to President Biden Proposing Nominee Sarah Bloom Raskin for Federal Reserve Bank Due to Her Radical Beliefs in Shaping the Financial Industry through a Political Lens
- 23 States Signed Letter to President Biden Declaring the Importance of America’s Energy Independence
- 34 Financial Officers from 27 States Send Letter to President Biden calling him out on new Federal Housing Finance Agency Policy
- 16 States Send Letter to U.S Banks Encouraging Unbiased, Nonpolitical Financing of Industries
- 17 States Send Letter to Morningstar raising concerns about ESG ratings negatively impacting companies with connections to Israel
- Nine State Financial Officers Send Letter to AT&T Board of Directors Requesting Documents to Investigate Any Violations to State or Federal Law Due to Discrimination Against Conservative Outlets
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to BlackRock)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Letter to ISS)
- State Financial Officers Demand Answers on Proxy Votes Supporting ESG Agenda (Glass Lewis)
- 15 State Financial Officers Send Letter to BlackRock Board of Directors Questioning Their Impartiality
- 18 State Financial Officers send letter to ISS demanding clarification on how ESG Impacts Proxy Votes and Debanking
- 18 State Financial Officers send letter to Glass Lewis demanding clarification on how ESG Impacts Proxy Votes and Debanking
- 17 State Financial Officers Probe State Street’s continued ESG commitments
- 15 State Financial Officials Demand Action from Bank of America on Debanking Practices
- 14 state financial officers send letter to the Business Roundtable calling out its role in woke capitalism when they reoriented their focus from shareholders to “all stakeholders.”
- 26 state financial officers send letter to the Financial Accounting Standards Board (FASB) urging the organization to not politicize accounting principles to include climate disclosure reporting.
- Louisiana State Treasurer john Flemming denies application for Bank of America to be an authorized fiscal agent because of ESG commitments
- 16 State Financial Officers Send Letter to ISS calling out the inclusion of ESG topics in their annual benchmark policy survey and Review
- 17 State Financial Officers Send letters to Walmart, Costco, Kroger, Albertsons, and McKessons urging them to disregard NYC Comptroller’s Demand to Carry Abortion Pill
- 17 State Financial Officers Send Letter to Fortune 100 Executives Urging them to Abandon Discriminatory DEI Policies
- 21 Financial Officers from 19 states Fire off Letters Supporting Exxon’s Defense against Activist Investors