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Texas is leading a new lawsuit with 10 other red states against BlackRock, Vanguard and State Street for allegedly breaking antitrust law by colluding to suppress coal - causing electricity prices to spike.

"Competitive markets — not the dictates of far-flung asset managers — should determine the price Americans pay for electricity," wrote Texas Attorney General Ken Paxton in the complaint. . .

Source (zerohedge.com)

>Texas is leading a new lawsuit with 10 other red states against BlackRock, Vanguard and State Street for allegedly breaking antitrust law by colluding to suppress coal - causing electricity prices to spike. >"Competitive markets — not the dictates of far-flung asset managers — should determine the price Americans pay for electricity," wrote Texas Attorney General Ken Paxton in the complaint. . . [Source](https://www.zerohedge.com/geopolitical/electric-revenge-texas-sues-blackrock-and-others-conspiring-quash-coal-sending-energy)
[–] • 1 pt

They have some good arguments, but that doesn't mean that they will win the case. (((BlackRock))) can dump money into (((climate change))) lawyers and it might drop the suit.

I really hope that they can win this. If there is anything that we can all unify, it's energy.

[–] • 1 pt

I don’t think this goes anywhere. Texas is looking to get blackrock to move to Plano to open the Texas stock exchange. Billions of dollars of there will trump the energy sector

[–] • 0 pt

Well...shit. A Finnish group is trying to put a lithium battery facility in rural E. Texas. The nameplate rating would provide "emergency" electricity for only 2 hrs, an absurd concept. In rural country, I see this as another attack in the war on food.