Rick Perry says Ken Paxton's energy lawsuit will hurt US coal companies

Rick Perry says Ken Paxton's energy lawsuit will hurt US coal companies

A lawsuit brought by Texas Attorney General Ken Paxton against asset managers BlackRock, State Street and Vanguard alleging they colluded to manipulate the coal market could hurt U.S. coal firms if the firms are forced to divest, according to one of the firms.Paxton's suit, which was filed in November 2024 and joined by 10 other states, claims that the three asset managers formed a cartel to rig the coal market, constrain energy supplies and rai…