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Texas Lawsuit Targets BlackRock and Allies Over Coal Cuts

6/10/2025

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Summary

Story summary

A Texas lawsuit accuses major investment firms like BlackRock, Vanguard, and State Street of conspiring to cut coal production in a bid to tackle climate change. In response, BlackRock's attorney dismissed the allegations as baseless, pointing to the coal market's ongoing decline. This legal battle involves Texas and ten other states seeking accountability.

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Story summary

A Texas lawsuit accuses major investment firms like BlackRock, Vanguard, and State Street of conspiring to cut coal production in a bid to tackle climate change. In response, BlackRock's attorney dismissed the allegations as baseless, pointing to the coal market's ongoing decline. This legal battle involves Texas and ten other states seeking accountability.