TEXAS and 10 OTHER STATES sue BlackRock, State Street and Vanguard for ILLEGAL CONSPIRACY
… acquired substantial stockholdings
… the power to control the policies of the coal companies
… to accommodate “green energy” goals
… pushed to reduce coal output by more than half
… constricting supply increased prices
… enabled the investment companies to produce extraordinary revenue
… This conspiracy violated multiple federal laws
… “Texas will not tolerate the illegal weaponization of the financial industry
in service of a destructive, politicized ‘environmental’ agenda”
… “formed a cartel”
… “artificially reduce the energy supply, and raise prices”
… “Their conspiracy has harmed American energy production and hurt consumers”
… 10 other States joined Attorney General Paxton on the lawsuit
Complaint Filed
