Multiple States Sue Investment Firms Over Alleged Green Energy Collusion
TL;DR
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.
- GOP AGs sue BlackRock, other investment companies over environmental activism WKRC TV Cincinnati
- Nebraska, Iowa AGs join lawsuit accusing investment firms of colluding to advance ‘green energy’ WOWT
- 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
- Texas AG Ken Paxton sues 3 major investors, accusing them of energy market manipulation KVUE.com
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