Multiple States Sue Investment Firms Over Alleged Green Energy Collusion

Republican attorneys general, led by Texas AG Ken Paxton, have filed a lawsuit against BlackRock, Vanguard, and State Street, accusing them of violating antitrust laws by promoting environmental, social, and governance goals. The lawsuit claims these companies have artificially depressed coal supply, leading to higher energy prices, and demands financial penalties. BlackRock and State Street have dismissed the allegations as baseless, emphasizing their compliance with regulations and focus on shareholder value.