Republican States Sue Investment Giants Over Green Policies and Market Manipulation
Texas and 10 other Republican-led states have filed a federal antitrust lawsuit against BlackRock, State Street, and Vanguard, accusing them of conspiring to limit coal supplies to advance a "destructive" environmental agenda. The lawsuit claims these asset managers used their significant holdings in coal companies to reduce output and increase prices, allegedly violating state and federal laws. BlackRock has dismissed the allegations as baseless, while Vanguard and State Street have not commented. This legal action is part of a broader Republican effort against what they term "woke capitalism."
