This joint resolution requests the state of Wyoming and its attorney general to utilize all available legal tools to protect the state's investments and industries from the influence of "stakeholder capitalism." The resolution highlights concerns that major financial institutions are making investment decisions based on ideological and nonpecuniary factors rather than solely on financial returns, which negatively impacts Wyoming's economy. It references the state's involvement in an antitrust lawsuit against large asset managers accused of colluding to reduce coal output, thereby raising electricity prices and harming the state's financial interests.
The resolution calls for the governor and attorney general to investigate and prosecute any illegal activities by financial institutions that engage in such practices. It also urges the state treasurer to leverage Wyoming's sovereign wealth funds to attract asset management companies focused on maximizing returns without political agendas. Additionally, it emphasizes the importance of ensuring that proxy voting for state investments aligns with Wyoming's financial interests, rather than being influenced by external, nonpecuniary factors.