{"id":753228,"date":"2025-11-25T06:00:00","date_gmt":"2025-11-25T12:00:00","guid":{"rendered":"https:\/\/oklahomawatch.org\/?p=753228"},"modified":"2025-11-23T13:51:18","modified_gmt":"2025-11-23T19:51:18","slug":"tset-investors-board-puts-asset-managers-on-notice-in-anti-esg-push","status":"publish","type":"post","link":"https:\/\/oklahomawatch.org\/2025\/11\/25\/tset-investors-board-puts-asset-managers-on-notice-in-anti-esg-push\/","title":{"rendered":"TSET Investors Board Puts Asset Managers On Notice In Anti-ESG Push"},"content":{"rendered":"<div class=\"wp-block-custom-everlit-iframe-embed\"><iframe loading=\"lazy\" title=\"Everlit Audio Player\" src=\"https:\/\/everlit.audio\/embeds\/artl_zPrG2cnXDwQ?client=wp&amp;client_version=2.6.0\" width=\"100%\" height=\"80px\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n<p>Members of an investment board that manages Oklahoma\u2019s $2 billion tobacco settlement trust have put five asset managers on notice over their voting policies on shareholder resolutions, largely because they won\u2019t commit to so-called Oklahoma values on the votes.\u00a0<\/p>\n\n\n\n<p>In a 4-0 vote, the TSET Board of Investors directed its investment consultant, Innovest, to ask the asset managers to instead use proxy voting advice from <a href=\"https:\/\/videntam.com\/\">Vident Asset Management<\/a>, a Georgia-based financial firm. The asset managers either use their own research for shareholder resolutions or one of the two major proxy-advisory firms, ISS or Glass Lewis.\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>The vote on Wednesday was the latest attempt by Oklahoma Treasurer Todd Russ, chairman of the TSET investment board, to use the tobacco trust to push back against what he said was an overly activist shareholder voting process that allowed environmental, social and governance policies to run amok in corporate boardrooms.\u00a0<\/p>\n\n\n\n<p>But the board meeting came a day after an Oklahoma City policy forum led by <a href=\"https:\/\/prospraligned.com\/our-team\/\">Prospr Aligned<\/a> on ESG and proxy-voting strategies in public finance. Among the presenters at an afternoon panel on the \u201cOklahoma Narrative\u201d were Russ, <a href=\"https:\/\/www.innovestinc.com\/team\">Innovest President Wendy Dominguez<\/a> and Jerry Bowyer, whose <a href=\"https:\/\/bowyerresearch.com\/whoweare.html\">Bowyer Research<\/a> has provided shareholder resolution advice to the TSET investment board. Bowyer also heads corporate engagement and is a proxy expert for Prospr Aligned, an affiliate of Vident.\u00a0<\/p>\n\n\n\n<p>Through a spokeswoman, Russ declined to comment on his participation in the Prospr Aligned forum.\u00a0<\/p>\n\n\n\t<div class=\"wp-block-newspack-blocks-homepage-articles is-style-borders wpnbha show-image image-alignright ts-4 is-1 is-landscape is-style-borders\" style=\"\">\n\t\t<div data-posts data-current-post-id=\"746060\">\n\t\t\t\t\t\t\t<h2 class=\"article-section-title\">\n\t\t\t\t\t<span>the latest<\/span>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\n\t<article data-post-id=\"754196\" class=\"tag-attorney-general tag-cdc tag-covid-19 tag-george-monks tag-measles tag-oklahoma-news tag-oklahoma-state-department-of-health tag-oklahoma-state-medical-association tag-whooping-cough category-health category-publichealth type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2026\/01\/05\/oklahoma-health-department-refuses-to-share-county-level-measles-data\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-large size-newspack-article-block-landscape-large wp-post-image\" alt=\"Oklahoma Health Department Refuses to Share County-Level Measles Data\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?zoom=2&amp;resize=1200%2C900&amp;ssl=1 2400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (min-width: 782px) 600px, (min-width: 600px) 42.5vw, 90vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2026\/01\/05\/oklahoma-health-department-refuses-to-share-county-level-measles-data\/\" rel=\"bookmark\">Oklahoma Health Department Refuses to Share County-Level Measles Data<\/a><\/h3>\t\t\t\t\t\t\t\t\t\t<div class=\"entry-meta\">\n\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/author\/paulmonies\/\"><img data-recalc-dims=\"1\" alt=\"Avatar photo\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/cropped-Paul-Monies.jpg?resize=48%2C48&amp;ssl=1\" srcset=\"https:\/\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/cropped-Paul-Monies-96x96.jpg 2x\" class=\"avatar avatar-48 photo\" height=\"48\" width=\"48\"><\/a>\t\t\t\t\t\t<span class=\"byline\">\n\t\t\t\t\t\t\t<span class=\"author-prefix\">by<\/span> <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/oklahomawatch.org\/author\/paulmonies\/\">Paul Monies<\/a><\/span>\t\t\t\t\t\t<\/span><!-- .author-name -->\n\t\t\t\t\t\t<time class=\"entry-date published\" datetime=\"2026-01-05T06:01:00-06:00\">January 5, 2026<\/time><time class=\"updated\" datetime=\"2026-01-05T11:05:42-06:00\">January 5, 2026<\/time>\t\t\t\t<\/div><!-- .entry-meta -->\n\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\t\t<\/div>\n\t\t\n\t<\/div>\n\t\n\n\n<p>Other presenters at the policy forum at <a href=\"https:\/\/www.thenationalokc.com\/\">The National<\/a> hotel in downtown Oklahoma City constituted a who\u2019s-who of the conservative, anti-ESG movement. They included representatives of the State Financial Officers Foundation, the Heritage Foundation, Alliance Defending Freedom and the 1792 Exchange. Those groups have helped Russ with either talking points, policy papers or legal advice as he\u2019s pursued his anti-ESG push. The Heritage Foundation in September awarded Russ its <a href=\"https:\/\/www.heritage.org\/press\/heritage-foundation-honors-oklahoma-state-treasurer-todd-russ-award-corporate-leadership\">Courage Award<\/a>, which it said \u201chonors public servants who resist institutional and political pressure.\u201d\u00a0<\/p>\n\n\n\n<p><strong>Oklahoma Values<\/strong><\/p>\n\n\n\n<p>At Wednesday\u2019s TSET Board of Investors meeting, Colorado-based Innovest said it targeted five of the trust\u2019s 19 asset managers after asking if they would use alternative proxy voting guidelines that align with so-called Oklahoma values. The board hired Innovest earlier this year after dumping longtime investment consultant <a href=\"https:\/\/www.nepc.com\/\">NEPC<\/a>.\u00a0<\/p>\n\n\n\n<p>Publicly traded companies hold annual meetings to let shareholders have a say on routine matters such as executive pay, board of director elections and selecting audit firms. But shareholders can also ask securities regulators to put other items on the agenda, such as corporate statements on the environment or human rights.\u00a0<\/p>\n\n\n\n<p>Russ\u2019 push for more oversight over the proxy-voting process comes as TSET delivered record earnings under the previous investment consultant NEPC and as asset managers voted on <a href=\"https:\/\/oklahomawatch.org\/2025\/08\/22\/oklahoma-treasurer-making-another-attempt-to-change-corporate-policies\/\">shareholder proposals<\/a> that largely aligned with publicly traded company management. TSET\u2019s assets grew by $200 million to $2.28 billion in fiscal year 2025, which ended June 30.\u00a0<\/p>\n\n\n\n<p>Innovest\u2019s Dominguez presented options to the TSET investor board on how they might want to handle proxy voting. The options included continuing to delegate to investment managers or having the board decide on each proposal, an effort that could amount to thousands of shareholder proposals each year.\u00a0<\/p>\n\n\n\n<p>\u201cI think we go to the five asset managers and say, \u2018We would like you to use the Vident solution because there\u2019s not anyone else doing it in lockstep with Bowyer Research,\u2019\u201d Dominguez said at Wednesday\u2019s meeting.\u00a0<\/p>\n\n\n\n<p><strong>Conflicts Dismissed\u00a0<\/strong><\/p>\n\n\n\n<p>Although he voted for the motion, board member John Waldo asked numerous times if the board had gotten any clear answers on what constituted Oklahoma values. Russ and Bowyer conceded it was hard to define, but it generally meant investment policies that safeguard the interests of the state\u2019s largest industries like oil and gas and agriculture.\u00a0<\/p>\n\n\n\n<p>Russ said it made sense for the TSET investment board to direct its investment managers to hire a proxy subadvisor like Vident, whose fees would be paid by the investment managers, not directly by the TSET investment board.\u00a0<\/p>\n\n\n\n<p>Bowyer said the current proxy voting process is an afterthought for most public investment trusts and pension funds. Many investment managers see it as a chore that slides down the list of priorities for their clients, he said.\u00a0<\/p>\n\n\n\n<p>\u201cIt\u2019s extremely common for institutions to not know how their proxies are being voted,\u201d Bowyer said. \u201cAnd, when a (proxy voting) audit occurs, to be shocked.\u201d\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"450\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-600x450.jpg?resize=600%2C450&amp;ssl=1\" alt=\"\" class=\"wp-image-753231\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=1536%2C1152&amp;ssl=1 1536w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=2048%2C1536&amp;ssl=1 2048w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=1024%2C768&amp;ssl=1 1024w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=2000%2C1500&amp;ssl=1 2000w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=780%2C585&amp;ssl=1 780w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-scaled.jpg?resize=706%2C530&amp;ssl=1 706w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/IMG_2174-600x450.jpg?w=370&amp;ssl=1 370w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\"><figcaption class=\"wp-element-caption\">Oklahoma Treasurer Todd Russ discusses shareholder voting practices during a meeting of the Tobacco Settlement Endowment Trust Board of Investors at the Capitol in Oklahoma City on Wednesday, Nov. 19, 2025. (Paul Monies\/Oklahoma Watch)<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Bowyer said he had a conflict of interest with Vident because his firm already has a relationship with the company. He said the TSET investor board might have to take his advice with a grain of salt. Russ dismissed any concerns over conflicts.\u00a0<\/p>\n\n\n\n<p>\u201cThat relationship is between you and them, not us and them,\u201d Russ said.\u00a0<\/p>\n\n\n\n<p>Still, the TSET investment board used Bowyer this year to <a href=\"https:\/\/oklahomawatch.org\/2025\/03\/05\/oklahoma-treasurer-expands-anti-dei-campaign-to-amazon-google-netflix-and-more\/\">audit proxy votes<\/a> taken on the TSET investment board\u2019s behalf. Russ\u2019 office did not respond to a question on whether Bowyer was paid for that advice.\u00a0<\/p>\n\n\n\n<p>Innovest developed an Oklahoma Values Alignment Assessment for the TSET investor board that ranks the trust\u2019s 19 asset managers. Its presentation said points were awarded based on the managers\u2019 focus on shareholder value, avoidance of political or speculative agendas and responsible stewardship. It found eight of the managers were either minimally aligned or not aligned with Oklahoma values. Eleven were given the midpoint score of 3, or moderately aligned.\u00a0<\/p>\n\n\n\n<p>\u201cIn addition, since this trust benefits the people of Oklahoma, when selecting and monitoring investment managers, preference is given to those that publicly commit to the economic drivers and industries that benefit the state of Oklahoma,\u201d the presentation said.\u00a0<\/p>\n\n\n\n<p>The Oklahoma values assessment drew heavily on scores developed by the <a href=\"https:\/\/1792exchange.com\/\">1792 Exchange<\/a>, which replicates from the right corporate scorecards developed by groups such as the<a href=\"https:\/\/www.hrc.org\/\"> Human Rights Campaign<\/a>, which advocates for LGBTQ+ equality and inclusion. The values assessment also downgraded firms if they had signed on to a United Nations-backed effort called the <a href=\"https:\/\/www.unpri.org\/\">Principles for Responsible Investing<\/a>.\u00a0\u00a0<\/p>\n\n\n\n<p>Russ claimed victory earlier this month when Boeing Co. agreed to change its diversity, equity and inclusion policies for federal contracting after the TSET investment board in August <a href=\"https:\/\/oklahomawatch.org\/2025\/08\/22\/oklahoma-treasurer-making-another-attempt-to-change-corporate-policies\/\">voted for a shareholder proposal<\/a> to investigate the policies.\u00a0<\/p>\n\n\n\n<p>\u201cWhile preparing to file a proposal, we engaged Boeing respectfully and professionally, and the result is a win-win,\u201d Russ said in a Nov. 10 news release. \u201cThe company strengthened its compliance posture, and our beneficiaries are better protected from potential legal and reputational risks as well as billions in loss of dollars from federal contracts.\u201d\u00a0<\/p>\n\n\n\n<p>Oklahoma Watch on Nov. 14 requested a list of stocks directly held by the tobacco trust, but that request remains pending.\u00a0<\/p>\n\n\n\n<p>Meanwhile, a lawsuit filed against Russ and the treasurer\u2019s office over open records and his deputy\u2019s use of the <a href=\"https:\/\/oklahomawatch.org\/2025\/04\/22\/oklahoma-treasurers-office-faces-scrutiny-over-use-of-signal-in-anti-esg-coordination\/\">private messaging app Signal<\/a> remains ongoing. The <a href=\"https:\/\/www.oscn.net\/dockets\/GetCaseInformation.aspx?db=oklahoma&amp;number=CV-2024-2935&amp;cmid=4366366\">lawsuit<\/a> alleges Deputy Treasurer Jordan Harvey exchanged policy details in the app with three groups active in anti-ESG efforts across the country: the State Financial Officers Foundation, Heritage Action for America and Consumers\u2019 Research Inc. It said the Signal app\u2019s function to automatically delete messages ran counter to Oklahoma\u2019s open records and records management laws. The district judge has ordered Russ to be deposed in the matter.\u00a0<\/p>\n\n\n\n<p>The TSET Board of Investors is a five-person board that has appointees from the governor, state auditor and inspector, Senate pro tempore and House speaker. The House appointment has not been filled for the past three years, under both former House Speaker Charles McCall and current House Speaker Kyle Hilbert.\u00a0<\/p>\n\n\n\n<p>The investment board, a separate entity from TSET\u2019s board of directors, sets the investment policies and certifies earnings from the trust fund for smoking cessation and health-related projects and grants.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"645\" height=\"645\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=645%2C645&amp;ssl=1\" alt=\"\" class=\"wp-image-700535\" style=\"width:161px;height:161px\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?w=645&amp;ssl=1 645w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=336%2C336&amp;ssl=1 336w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=140%2C140&amp;ssl=1 140w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?resize=100%2C100&amp;ssl=1 100w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/Paul-Monies.jpg?w=370&amp;ssl=1 370w\" sizes=\"auto, (max-width: 645px) 100vw, 645px\"><\/figure>\n<\/div>\n\n\n<p><em>Paul Monies has been a reporter with Oklahoma Watch since 2017 and covers state agencies and public health. Contact him at (571) 319-3289 or <\/em><a href=\"mailto:pmonies@oklahomawatch.org\"><em>pmonies@oklahomawatch.org<\/em><\/a><em>.<\/em> <em>Follow him on Twitter @pmonies.\u00a0<\/em><\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\t<div class=\"wp-block-newspack-blocks-homepage-articles  wpnbha is-grid columns-3 colgap-1 show-image image-aligntop ts-3 is-3 is-landscape \" style=\"\">\n\t\t<div data-posts data-current-post-id=\"749278\">\n\t\t\t\t\t\t\t<h2 class=\"article-section-title\">\n\t\t\t\t\t<span>MORE FROM PAUL MONIES <\/span>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\n\t<article data-post-id=\"754081\" class=\"tag-charles-mccall tag-elections tag-gop tag-gov-kevin-stitt tag-jeff-starling tag-lobbying tag-mike-mazzei tag-oklahoma-gov-kevin-stitt tag-oklahoma-news tag-politics tag-rep-jim-shaw tag-turnpikes category-elections category-politics type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2025\/12\/29\/freshman-gop-lawmaker-finds-statewide-backers-for-save-oklahoma-plan\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=800%2C600&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-medium size-newspack-article-block-landscape-medium wp-post-image\" alt=\"Freshman GOP Lawmaker Finds Statewide Backers For Save Oklahoma Plan\u00a0\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Shaw_1_16_25_d2ddb6485b.jpg?resize=800%2C600&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (min-width: 782px) 400px, (min-width: 600px) 42.5vw, 90vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2025\/12\/29\/freshman-gop-lawmaker-finds-statewide-backers-for-save-oklahoma-plan\/\" rel=\"bookmark\">Freshman GOP Lawmaker Finds Statewide Backers For Save Oklahoma Plan\u00a0<\/a><\/h3>\t\t\t\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\n\t<article data-post-id=\"753628\" 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-->\n\t<\/article>\n\n\t\t\t\t<\/div>\n\t\t\n\t<\/div>\n\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The TSET investment board, led by Oklahoma Treasurer Todd Russ, pressed five asset managers to adopt proxy voting advice aligned with \u201cOklahoma values.\u201d The move deepens Russ\u2019 broader anti-ESG push amid conflicts, policy forums and questions over influence by outside conservative interest 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