💨 Abstract
BlackRock, Vanguard, and State Street have asked a Texas court to dismiss a U.S. state lawsuit accusing them of conspiring to decrease coal output. The asset managers argue the allegations are baseless and would distort antitrust law. The lawsuit, led by Texas, claims the firms violated antitrust law through climate activism that reduced coal production and boosted energy prices.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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