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Blackrock, State Street, Vanguard sued by Republican states over climate accords

  • A federal lawsuit has been filed by 11 Republican attorneys general against BlackRock, Vanguard, and State Street for alleged antitrust violations related to coal supply.
  • The lawsuit accuses these companies of pressuring coal firms to lower carbon emissions, which the states claim are anti-competitive practices.
  • Nebraska Attorney General Mike Hilgers stated that the companies are accused of 'weaponizing' their shares, while State Street described the lawsuit as 'baseless.
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  • 68% of the sources lean Left
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