Texas + 10 states sue Blackrock, Vanguard, State Street

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BREAKING: Texas and 10 other Republican-led states are suing BlackRock, State Street and Vanguard, alleging that they conspired to curtail coal supplies to further “a destructive, politicised environmental agenda”. The federal antitrust lawsuit accuses the three largest US index fund managers of using their holdings in the coal producers to constrict supplies and drive up prices in pursuit of net zero carbon emissions goals.

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violated antitrust law through climate activism that reduced coal production and boosted energy prices.
Wednesday's complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting efforts to promote environmental, social and governance goals, or ESG.