💨 Abstract

BlackRock, Vanguard, and State Street have denied allegations in a Texas lawsuit accusing them of conspiring to discourage coal output through climate activism, saying the claims rest on untested legal theories. The asset managers argue the lawsuit, led by Texas Attorney General Ken Paxton, lacks evidence and is trying to rewrite antitrust law in an unconventional way.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖