Reported 1 day ago
BlackRock cautions that the U.S. government's backing of a dubious lawsuit accusing major asset managers of colluding to limit competition in the coal industry could jeopardize the nation's energy independence. The lawsuit, filed by Texas and 12 other states, alleges these firms used their investments in coal companies to stifle competition. BlackRock argues that the case misinterprets antitrust laws and could lead to reduced capital access for coal companies, thus driving up energy prices.
Source: YAHOO