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11 US states sue BlackRock, StateStreet and Vanguard for working as a cartel to reduce coal and increase electricity prices

submitted by SumerBreeze to USPolitics 5 monthsDec 1, 2024 10:18:36 ago (+28/-0)     (www.sott.net)

https://www.sott.net/article/496413-Bang-11-US-states-sue-BlackRock-StateStreet-and-Vanguard-for-working-as-a-cartel-to-reduce-coal-and-increase-electricity-prices

Texas, Alabama, Arkansas, Indiana, Iowa, Kansas, Missouri, Montana, Nebraska, West Virginia, and Wyoming

The states claim the money managers bought up large stakes in coal companies and then colluded to promote ESG and DEI (diversity, equity and inclusion) goals that reduced coal output. The decreased supply of coal, in turn increased the cost of electricity to consumers. It was fundamentally anti-competitive behaviour. These three companies together have $26 Trillion dollars of assets under management. That's only one trillion smaller than the entire US GDP.



6 comments block

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[ - ] Bonanza 4 points 5 monthsDec 1, 2024 14:52:58 ago (+4/-0)

Seems you could apply this legal metric to practically any business or industry that has promoted DEI/ESG.

Companies adopt DEI/ESG after being pressured by Blackrock, output and quality suffers and consumer prices rise. States then sue said companies/Blackrock for implementing DEI/ESG.

I like it!

[ - ] PostWallHelena 2 points 5 monthsDec 1, 2024 14:17:40 ago (+2/-0)

Nice.

[ - ] Dingo 1 point 5 monthsDec 1, 2024 20:14:09 ago (+1/-0)

I wonder if their jewish lawyers will be able to convince the jewish judges there is jewish subversion going on? 🤔

[ - ] SumerBreeze [op] 1 point 5 monthsDec 2, 2024 03:56:00 ago (+1/-0)

lol they all know
The trick is to juggle that around without the goyim getting TOO aware and upset about it!

[ - ] TheYiddler 1 point 5 monthsDec 2, 2024 07:24:58 ago (+1/-0)

They might, but the goal of the circus act is to divvy up the spoils, not to stop it. Someone is mad because they didn't get their share.

[ - ] Love240 0 points 5 monthsDec 1, 2024 17:36:09 ago (+0/-0)