US EditionCritics Cast Doubt on GOP AG Lawsuit Against Asset Managers over Coal Policy
- On June 4, 2025, several state attorneys general along with the Federal Trade Commission initiated legal action against major investment firms involved in the coal industry, accusing them of engaging in monopolistic practices.
- The lawsuit alleges that certain financial firms acquired significant shares in coal companies and then promoted strict environmental policies to limit coal production and boost profits, although some attorneys general from coal-producing states chose not to participate.
- The case arises amid 63 coal company closures over 15 years, rising coal profits in 2022-2023, and shareholder efforts advancing anti-coal agendas by major investors.
- The lawsuit alleges a covert profit strategy causing coal decline, but critics call it convoluted and laughable, noting broader political efforts by Democrats and environmental groups to restrict coal.
- If upheld, the suit could deter investment, risking coal jobs, while ongoing political and regulatory dynamics suggest a complex battle over the American coal industry's future.
23 Articles
23 Articles
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Critics cast doubt on GOP AG lawsuit against asset managers over coal policy
(The Center Square) – Legal analysts and conservative economists are casting doubt on a high-profile antitrust lawsuit alleging that investment firms conspired to cut coal production, even as federal regulators joined the case.
Trump’s Regulators Declare War on Coal
In one of the most convoluted lawsuits of all time, a cabal of state attorney generals and the Federal Trade Commission, under the incompetent leadership of chair Andrew Ferguson, are now accusing financial firms Blackrock, State Street and Vanguard of monopolistic behavior. The complaint asserts that these firms bought coal stocks and then helped impose radical environmental restrictions on the companies they partially own, so that coal output …
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