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A suit by Texas and 12 other states alleges that three asset managers broke antitrust law through climate activism that cut coal output; a judge largely refused to dismiss it on 1 August 2025. It is pending, and the firms deny it.

1 Aug 2025

Texas-led states’ antitrust suit against BlackRock, State Street and Vanguard. A suit by Texas and 12 other states alleges that three asset managers broke antitrust law through climate activism that cut coal output; a judge largely refused to dismiss it on 1 August 2025. It is pending, and the firms deny it.

State Street Corporation

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Pictures, from Wikimedia Commons: BlackRock, Dazzling4, CC BY-SA 4.0; State Street Corporation, Daderot, CC0.