Reported about 7 hours ago
Texas and ten other Republican-led states have filed a lawsuit against BlackRock, State Street, and Vanguard, alleging antitrust violations related to climate activism that reportedly diminished coal production and increased energy costs. The lawsuit claims that these firms used their influence as shareholders to pressure coal companies and questions their involvement in various climate initiatives. The states argue that such actions undermine free market principles and competition in the energy sector.
Source: YAHOO