Eleven GOP States Sue BlackRock, State Street & Vanguard For Conspiring To Drive Up Energy Costs
Major investment firms using 'green energy' policies to illegally constrict energy supply so they could make higher profits.
Texas Attorney General Ken Paxton announced Wednesday that ten other Republican-led states are joining a lawsuit he filed against asset management firms Blackrock, State Street and Vanguard over an alleged violation of antitrust law, after the companies’ climate policies resulted in decreased coal production.
Paxton wrote on 𝕏, “Texas will not tolerate the illegal weaponization of the financial industry in service of a destructive, politicized ‘environmental’ agenda. BlackRock, Vanguard, and State Street formed a cartel to rig the coal market, artificially reduce the energy supply, and raise prices. Their conspiracy has harmed American energy production and hurt consumers. This is a stunning violation of State and federal law.”