Feds back GOP states in climate case alleging BlackRock, other fund giants conspired to lower coal output
1. Federal agencies support claims against BlackRock regarding climate activism in coal. 2. The Justice Department is involved in a Texas antitrust lawsuit against asset managers. 3. BlackRock warns divesting from coal harms capital access and raises energy prices. 4. Republican states accuse firms of prioritizing ESG over investor returns. 5. BlackRock faces restrictions in states like Texas for its ESG policies.