Eleven Republican states, led by Texas Attorney General Ken Paxton, have filed a lawsuit against BlackRock, Vanguard, and State Street, alleging that these financial giants conspired to restrict coal supply and raise prices, violating antitrust laws. The states claim the firms' environmental initiatives harm American energy production and consumer costs. BlackRock has dismissed the lawsuit as baseless, asserting that its investments aim to deliver financial returns for clients, not to harm companies.
