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.
SB 2157 designates four specific rivers in southeastern Oklahoma as scenic rivers: the Glover River (McCurtain County), Kiamichi River (Choctaw, Pushmataha, Le Flore Counties), Little River (McCurtain, Pushmataha, Le Flore Counties), and Mountain Fork River (Le Flore, McCurtain Counties). It creates the Southeast Scenic Rivers Commission, composed of 11 members including local residents, tribal representatives, and state appointees, to manage these areas. The Commission must establish minimum standards protecting the rivers' natural beauty, wildlife, and recreational value while allowing compatible uses. These standards will guide counties and municipalities in planning and development within designated river corridors. The bill requires the Commission to operate under Oklahoma's Open Meeting and Open Records Acts.
SB 1979 creates the "Mining and Blasting Residential Protection Act" to establish a mandatory 800-foot buffer zone around residences, residentially zoned property, and protected structures like schools, hospitals, and nursing homes. It prohibits new mining or blasting permits within this buffer and requires applicants to submit maps showing all affected properties and a clear buffer zone depiction as part of their permit application. Applicants must also post signs along public roads near the site and mail notices to addresses within the buffer zone 45 days before submitting a permit application. The bill directly affects mining companies seeking new permits or expansions and aims to protect nearby residents and community facilities from potential disruptions.
HB 1205 repeals Oklahoma's tax credit for small wind turbine installations by removing Section 2357.32B from the state's tax code. This change directly affects small wind turbine owners and installers who previously qualified for the credit. The repeal takes effect on November 1, 2025, eliminating the tax incentive for new installations after that date. The bill is procedural and does not create new policy, only removing an existing tax provision.
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.
HB 2043 requires Oklahoma state agencies to verify that companies receiving contracts worth $100,000+ (with 10+ full-time employees) do not boycott energy companies. It mandates written verification from contractors that they will not boycott energy providers during the contract term. The law excludes contracts related to debt management or if alternative services aren't available from non-boycotting companies. This policy directly affects state agencies and qualifying businesses entering major public contracts.
