---
title: State AGs Combat ESG
date: 2024-12-19T00:00:00-05:00
author: "mhenry@kelleydrye.com"
canonical_url: "https://www.kelleydrye.com/viewpoints/podcasts/ad-law-access/state-ags-combat-esg"
section: Podcast Episodes
---
# State AGs Combat ESG

  December 19, 2024 | 4 min

 

 

 

 

 

 

 [Kelley Drye Ad Law Access Podcast](https://soundcloud.com/adlawaccess "Kelley Drye Ad Law Access Podcast") · [State AGs Combat ESG](https://soundcloud.com/adlawaccess/state-ags-combat-esg "State AGs Combat ESG")

 [Apple](https://podcasts.apple.com/us/podcast/state-ags-combat-esg/id1457734764?i=1000681039276) [SoundCloud](https://soundcloud.com/adlawaccess/state-ags-combat-esg?si=372281607ae542148f217ee49e9304b9&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing) [Spotify](https://open.spotify.com/episode/0ikLY4Iscgy3AerAr74db2?si=ZYtDN2p0RfOVRdbHNLI0ig) 

 

Texas Attorney General Ken Paxton, joined by ten other Republican-led states, filed a lawsuit in the U.S. Eastern District of Texas against BlackRock, State Street, and Vanguard, accusing them of illegally conspiring to manipulate coal markets. The 104-page complaint alleges that these investment firms leveraged their substantial ownership stakes in major U.S. coal producers to ​“artificially” constrain the supply of coal, resulting in diminished competition, higher energy prices for consumers, and ​“cartel-level profits” for the defendants.

[www.kelleydrye.com/viewpoints/blog…in-coal-markets](https://gate.sc/?url=https%3A%2F%2Fwww.kelleydrye.com%2Fviewpoints%2Fblogs%2Fad-law-access%2Fstate-ags-combat-esg-multistate-coalition-sues-blackrock-state-street-and-vanguard-for-alleged-antitrust-consumer-violations-in-coal-markets&token=d993e2-1-1736286653407 "https://www.kelleydrye.com/viewpoints/blogs/ad-law-access/state-ags-combat-esg-multistate-coalition-sues-blackrock-state-street-and-vanguard-for-alleged-antitrust-consumer-violations-in-coal-markets")

 

 

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### Related Services

- [State Attorneys General](https://www.kelleydrye.com/practices/state-attorneys-general)