HB 4428 requires Oklahoma's pension benefit plans (like state retirement funds) to vote on shareholder proposals solely based on financial impact, banning consideration of environmental, social, or political goals. It mandates that pension boards base all voting decisions on "pecuniary factors" (financial risk/return) to maximize shareholder value, and prohibits proxy advisors from providing recommendations that include non-financial considerations. Boards must annually report all votes, including their decision, management's stance, and any proxy advisor's recommendation, publishing the report online by March 1 each year. The law applies to all state pension systems and takes effect November 1, 2026.
This bill changes Oklahoma's requirements for oil and gas operators to provide financial guarantees (surety) for well plugging and environmental compliance. It phases out "Category A" surety (based on $50,000 net worth) for new operators starting November 2025, while current operators may keep it but can voluntarily switch to "Category B" surety (like letters of credit or bonds). Category B amounts scale with the number of wells operated, starting at $25,000 for 1-10 wells (rising to $50,000 by 2028) and higher for larger operations, with a maximum of $150,000. Operators with fines or poor compliance records must use Category B, and the Commission can require higher amounts based on performance.
SB 1439 blocks lawsuits against fossil fuel companies (including producers, sellers, and trade associations) that claim climate change or greenhouse gas emissions caused harm when their products functioned as designed. The bill prohibits any civil action seeking relief related to climate change, alleged climate effects, or emissions - covering common claims like fraud or failure to warn - but excludes cases involving violations of environmental or worker protection laws. It applies to all fossil fuels (oil, natural gas, coal, etc.) and requires courts to dismiss ongoing climate-related lawsuits immediately upon the bill's effective date. This law creates a new legal barrier for climate change litigation while preserving access to courts for environmental law enforcement.
SB 1928 modifies Oklahoma's water rights law by removing mandatory metering requirements for most wells while introducing a new five-year flexible groundwater allocation system. It applies to existing and new groundwater permit holders in designated basins, requiring annual usage reports and fees to maintain their allocation. The bill allows permit holders to temporarily exceed their annual usage limit by up to 200% in any single year, as long as their total usage over five years stays within the basin's overall limit. Domestic wells are explicitly excluded from these provisions. The changes take effect January 1, 2027.
HB 4459 allows groundwater irrigation districts or conservation districts to create metering programs for farmers, enabling certified participants to apply for a five-year flexible water allocation. This directly affects farmers in participating districts who can temporarily exceed their annual water limit by up to 200% in a single year, as long as their total usage over five years stays within the basin's overall allocation. To qualify, participants must submit annual metering certifications from their district and pay an annual fee. The bill also states that exceeding the 200% annual limit or five-year total triggers penalties for unauthorized water use, as outlined in existing law.
HB 4340 would add a sales tax exemption for the sale of "frack water" (wastewater from oil and gas extraction) in Oklahoma. This exemption would directly affect oil and gas companies and vendors selling this wastewater, eliminating the sales tax on such transactions. The bill amends Oklahoma's sales tax code to include this specific exemption under existing tax exemption categories. The policy change would reduce tax burdens for businesses involved in handling oil and gas extraction wastewater. The bill is currently pending in the Appropriations and Budget Natural Resources Subcommittee.
HB 1807 requires all Oklahoma groundwater permit holders to install approved metering systems (like telemetry devices) to track water usage, starting November 1, 2025. It creates a "five-year flex allocation" system beginning January 1, 2026, allowing permit holders to adjust annual usage within a basin's total limit - without needing new permits - but capping yearly excess at 200% of their annual allocation over the five-year period. The bill directly affects agricultural and commercial water users with groundwater permits, excluding domestic wells. It aims to standardize usage reporting and encourage conservation through structured, measurable water allocation.
HB 2037 removes specific energy conservation rules from Oklahoma law by repealing Sections 456, 457, and 458 of Title 19 O.S. 2021 and Section 5-131.2 of Title 70 O.S. 2021. This bill eliminates existing statutory requirements related to energy conservation without creating new provisions. It takes effect on November 1, 2025, after being approved by the governor on May 9, 2025. The repeal directly affects the legal framework governing energy conservation in Oklahoma, removing these specific sections from the state code.
SB 777 modifies Oklahoma's regulations for harvesting fish and aquatic species by giving the Oklahoma Department of Agriculture, Food, and Forestry (ODAFF) discretion to create rules governing these activities. It allows certain harvesting but requires it to follow Department-set restrictions, replacing mandatory language ("shall") with discretionary terms ("may"). The bill removes a prior requirement for the state to assess fees and transfers this authority to ODAFF. This change directly affects commercial and recreational fishers by shifting regulatory oversight to the Department, which will determine specific harvesting rules. The bill became law on May 12, 2025, without a gubernatorial signature.
HB 2142 requires wind energy facility owners to ensure new construction or modifications do not harm military operations near installations. It mandates that owners submit FAA applications to the Oklahoma Military Department within 30 days and obtain a "determination of no hazard" from the FAA or resolve military impacts via the federal Clearinghouse. The bill prohibits projects that could interfere with military training routes, drop zones, runways, or defense airspace, with owners facing $1,500 daily fines for non-compliance. Confidential documentation shared with the Military Department cannot be disclosed publicly under Oklahoma law.
