BlackRock, Vanguard, State Street sued by Republican states over climate push
BlackRock , Vanguard and State Street have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that reduced coal production and boosted energy prices.
BlackRock, Vanguard, and State Street accused of antitrust violations by Texas
Inc., Vanguard Group Inc., and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry.
According to the lawsuit, the three asset managers acquired substantial stockholdings in coal companies, and then used their ...
Texas Attorney General Ken Paxton said that over several years, the firms used their influence to pressure coal companies to ...
Texas Attorney General Ken Paxton has initiated a federal antitrust lawsuit against major asset management firms BlackRock ...
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