My home state of Texas, despite the pro-market rhetoric, seems to forget that markets can signal the exit of incumbents as well. Even (especially) not very flexible, not very cheap coal 🔌💡
www.utilitydive.com/news/blackro...
utilitydive.com
Texas, other states sue BlackRock, Vanguard for ‘conspiring’ to restrict US coal market
The lawsuit alleged the firms are using the influence gained through their stock holdings to pressure coal companies to reduce output in alignment with the asset managers’ net-zero goals.