Pro-Energy Treasurer Gets the Blackrock Backlash
Play • 31 min

Todd Russ was a community bank CEO in Oklahoma who decided to become a public servant. He ran for Treasurer which he saw as a low-key “worker bee” kind of job. But when he learned how gigantic Wall Street firms like Blackrock were managing the pension assets of public workers and using those assets to undermine the hydrocarbon economy on which the workers of Oklahoma depend, he decided to go to battle. Working with the state legislature he helped change the law to allow the state to stop doing business with financial firms that boycott or undermine the energy industry. But then came the backlash. Treasurer Russ tells his story and why he is undeterred in his fight to see that ESG investing will not be used as a weapon against the people he works for – the citizens of Oklahoma.  

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