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One bill would offer an exclusion for political subdivisions such as municipalities, while the other would require the attorney general to weigh in on disagreements over compliance.
The Oklahoma Public Employees Association, which backs the lawsuit, says the 2022 Energy Discrimination Act could cost state pension plans millions of dollars in fees and lost assets.
The Frontier found the Oklahoma State Treasurer's office applied criteria for blacklisting companies inconsistently, leaving some companies, including some of the largest banks in the world, claiming they have been arbitrarily and wrongly banned from doing business with the state. The blacklist could have far-reaching effects on everything from financing for public works projects to how state payroll checks are processed.