A group of red state attorneys general is accusing the world’s largest asset managers of violating antitrust law by going after the coal industry in an effort to meet green climate objectives.
Texas attorney general Ken Paxton (R) and ten others filed a lawsuit against BlackRock, Vanguard and State Street for alleged anti-competitive behavior against coal producers. The attorneys general claim the asset managers had hoped to get closer to achieving net-zero carbon emissions goals such as cutting carbon output in half.
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