Republican AGs Sue Investment Firms for Alleged Anti-Coal Collusion
TL;DR Summary
Eleven Republican attorneys general, led by Texas, have filed a lawsuit against BlackRock, Vanguard, and State Street, accusing them of conspiring to restrict the coal market by pushing climate policies, thus violating antitrust laws. The lawsuit claims these asset managers have formed a cartel to limit coal supply, raise energy prices, and harm American energy production. BlackRock has dismissed the lawsuit as baseless, asserting its investments are focused on financial returns for clients.
- Republican AGs Sue BlackRock, Say It Has Conspired Against Coal Production The Daily Wire
- Texas sues investment firms for anti-trust violations, price hikes KXAN.com
- 11 states sue biggest money managers, a frequent target of conservatives over ESG investing, for alleged coal collusion Axios
- Nebraska, Iowa AGs join lawsuit accusing investment firms of colluding to advance ‘green energy’ WOWT
- BlackRock, Vanguard Accused of Antitrust Violations by Texas Bloomberg
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