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GOP-Led States Accuse BlackRock Of Driving Up Coal Prices

By Jessica Corso ( November 27, 2024, 5:59 PM EST) -- Texas is leading a coalition of nearly a dozen Republican-led states suing BlackRock Inc. and two other large asset managers for allegedly running an "investment cartel" that takes advantage of their large holdings in publicly traded energy companies to drive up coal prices, a claim that BlackRock has said is "baseless and defies common sense."...

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