Major energy producers Texas and West Virginia are leading nine other states in an antitrust lawsuit against BlackRock, State Street and Vanguard, alleging they leveraged their voting shares to facilitate an "output reduction scheme, which has artificially constrained the supply of coal…"



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Fox Business

United States

11-state lawsuit accuses top investment firms of manipulating energy market against coal power

Multiple states have joined in a lawsuit against several major investors in the coal industry far taking their climate change ideology too far – and actually threatening the nation’s energy supply. Fox News reports Wyoming, Texas, West Virginia and eight other states have gone to court against BlackRock, State Street and Vanguard, charging the industrial investing giants bought into and then used their leverage with various coal companies to “ar…

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Jackson County

Oregon

'Illegal weaponization': States sue coal-industry investors for threatening energy supplies

BlackRock, State Street and Vanguard had substantial investments in all publicly traded coal companies, and used that leverage to reduce production. Smaller producers couldn't increase output, in part due to banks' ESG policies. The three investment firms reaped huge profits.

Just the News

Washington

District of Columbia

ESG firms invested in coal industry they tried to reduce, while reaping big profits, lawsuit alleges

Major energy producers Texas and West Virginia are leading nine other states in an antitrust lawsuit against BlackRock, State Street and Vanguard, alleging they leveraged their voting shares to facilitate an "output reduction scheme, which has artificially constrained the supply of coal…"The investment titans allegedly "significantly diminished competition in the markets for coal, increased energy prices for American consumers, and produced cart…

Murdoch family

by Kevin Killough   The State of Texas has been a leader in the pushback against environmental, social, and governance (ESG) policies, passing some of the first anti-ESG laws in the country. Last week, Texas Attorney General Ken Paxton moved to protect the coal industry from what Paxton says is an effort on the part of large investment firms to not only shrink coal companies — but also unfairly profit from them. Paxton teamed up with 10 other at…

The Ohio Star

Star News Network

Ohio

ESG Firms Invested in Coal Industry They Tried to Reduce, While Reaping Big Profits, Lawsuit Alleges

A staggering 20,0000 megawatts (MW) of power generation capacity are apparently not covered by the moratorium on new coal power facilities, a senior official of the Department of Energy (DOE) said. However, only 4,000 to 6,000 MW are likely to be developed into coal-fired power plants. “Our coal that is…

BusinessMirror

Many coal power projects exempt from ban—DOE

The Star News Network

Paxton and the coalition have filed a complaint in the U.S. Eastern District Court of Texas and have demanded a jury trial, according to the filing. Texas has been joined by Alabama, Arkansas, Indiana, Iowa, Kansas, Missouri, Montana, Nebraska, West Virginia, and Wyoming in the suit. The lawsuit accuses the three asset managers of violating the Sherman Act and Clayton Act, which govern antitrust law, as well as state antitrust laws from Texas, M…

KGLO News

Texas And Other States File Lawsuit Against Blackrock And Vanguard For ‘conspiring’ To Restrict Us Coal Market

Texas is leading a group of eleven U.S. states in filing a landmark lawsuit against investment giants pushing the globalist green agenda at the expense of the American people. The post 11 U.S States File Lawsuit Against BlackRock & Vanguard for Pushing Globalist Green Agenda appeared first on Slay News.

Slay News

11 U.S States File Lawsuit Against BlackRock & Vanguard for Pushing Globalist Green Agenda

Significant energy manufacturers Texas and West Virginia are leading 9 other states in an antitrust suit versus BlackRock, State Street and Lead, declaring they leveraged their ballot shares to help with an “output decrease plan, which has actually synthetically constrained the supply of coal …”  The financial investment titans presumably “substantially reduced competitors in the markets for coal, increased energy costs for American customers, a…

The New York Ledger

INDIANA – Attorney General Todd Rokita is taking further action to prevent woke corporatists and their left-leaning government allies from driving up energy costs for hardworking Hoosiers.   
Todd Rokita “We’re taking on very powerful forces arrayed against the interests of everyday working Hoosiers,” Attorney General Rokita said. “Coal has been the backbone of Indiana’s economic success for decades. The demand for electricity has gone up and th…

11-state lawsuit accuses top investment firms of manipulating energy market against coal power

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