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Vanguard Settles $29.5M Antitrust Case Over Climate Activism

2/27/2026

24 4 Full Breakdown

Summary

Story summary

Vanguard Group has reached a $29.5 million settlement with Republican-led states over antitrust violations tied to climate activism.
The settlement bars Vanguard from supporting climate initiatives and from engaging with climate-action networks.
BlackRock, Inc. and State Street Corp. are named in the 2024 lawsuit and deny any collusion.
The suit alleges a cartel to undermine coal production, while coal remains a major CO2 emitter despite declines.

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Story summary

Vanguard Group has reached a $29.5 million settlement with Republican-led states over antitrust violations tied to climate activism.
The settlement bars Vanguard from supporting climate initiatives and from engaging with climate-action networks.
BlackRock, Inc. and State Street Corp. are named in the 2024 lawsuit and deny any collusion.
The suit alleges a cartel to undermine coal production, while coal remains a major CO2 emitter despite declines.