BlackRock Faces Multiple Legal Challenges Over Climate and Antitrust Issues
TL;DR Summary
A Texas lawsuit accuses major investment firms like BlackRock, Vanguard, and State Street of illegally conspiring to reduce coal production to fight climate change, but BlackRock denies the allegations, claiming they are unfounded and ignore the long-term decline of the coal market.
- BlackRock Is Accused of a Plot Against Coal. The Firm Says That’s ‘Absurd.’ The New York Times
- BlackRock, Republican states clash over evidence in climate-investing case Reuters
- BlackRock seeks dismissal of Texas antitrust case over alleged suppression coal production Financial Times
- BlackRock, Vanguard Fight High-Stakes Collusion Case in Texas Bloomberg
- Getty Images Copyright Lawsuit Kicks Off as UK Data Bill Suffers 5th Defeat PYMNTS.com
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