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.
According to the lawsuit, the three asset managers acquired substantial stockholdings in coal companies, and then used their ...
Texas Attorney General Ken Paxton has initiated a federal antitrust lawsuit against major asset management firms BlackRock ...
The suit reflects a Republican strategy leveraging antitrust laws against investment managers’ alleged climate-focused ...
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