Environment

SB 568 requires Oklahoma state agencies and their investment managers to vote shares solely based on financial returns for pension beneficiaries, not social or environmental considerations. It prohibits following proxy adviser recommendations unless those advisers commit in writing to prioritize financial interests. Agencies must annually report all proxy votes - including management and adviser recommendations - to the State Treasurer via a public website. This applies to all state investments held for retirement plans, such as pension funds.

SB 621 exempts municipal waste incinerators already regulated under federal rules (40 C.F.R. Part 60 Subpart Eb) and Oklahoma's Department of Environmental Quality from future state regulations covering specific waste types, including biomedical, hospital, commercial, and industrial waste incineration. The bill directly affects waste management facilities operating under existing federal and state oversight. It prevents the Department of Environmental Quality from imposing additional state rules on these facilities for the listed waste streams. The bill was introduced as an emergency measure to take immediate effect upon passage.

SB 294 amends Oklahoma's Oklahoma Quick Action Closing Fund to exclude electric vehicle manufacturing businesses (specifically those using NAICS code 336110) from eligibility for funding. This bill directly affects companies in the electric vehicle manufacturing industry, preventing them from receiving economic development funds intended for high-impact business projects. The change modifies existing eligibility rules under the fund's statutes without altering other provisions for qualifying industries or the fund's administration. The exclusion applies to all applications for the fund, including those seeking rebates under the Oklahoma Film Enhancement Rebate Program. The bill does not change the fund's purpose, which remains supporting job creation, capital investment, and economic development through targeted business incentives.