Texas sues investment firms for anti-trust violations, price hikes
- A coalition of 11 Republican-led states has filed a lawsuit against BlackRock, Vanguard Group, and State Street Corporation for antitrust violations, as stated by Texas Attorney General Ken Paxton.
- The lawsuit alleges that these asset managers' promotion of environmental standards led to reduced coal production and increased energy prices over several years.
- The companies are accused of forming a cartel to manipulate the coal market, effectively reducing energy supply and raising prices.
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Total News Sources0
Leaning Left1Leaning Right13Center3Last UpdatedBias Distribution76% Right
Bias Distribution
- 76% of the sources lean Right
C 17%
R 77%
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