Electric Revenge: Texas Sues BlackRock And Others For 'Conspiring' To Quash Coal, Sending Energy Prices Soaring [zero hedge]
Peabody Energy Corporation (BTU)
Last peabody energy corporation earnings: 4/29 08:00 am
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Source: zero hedge
Electric Revenge: Texas Sues BlackRock And Others For 'Conspiring' To Quash Coal, Sending Energy Prices Soaring Texas is leading a new lawsuit with 10 other red states against BlackRock, Vanguard and State Street for allegedly breaking antitrust law by colluding to suppress coal - causing electricity prices to spike. "Competitive markets — not the dictates of far-flung asset managers — should determine the price Americans pay for electricity," wrote Texas Attorney General Ken Paxton in the complaint. The Republican-led states, including West Virginia and Montana, are asking the court to bar the three largest US investment firms from using their stock in coal companies to vote on shareholder resolutions and take other steps in a way that restrains output and limits market competition. -Bloomberg The complaint, filed in Tyler, Texas, is one of the highest profile lawsuits targeting companies that promote environmental, social and governance goals, or ESH. "Over several years, the three
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News
- Peabody Energy Corporation (BTU): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Peabody Announces First Coal Shipment from Centurion Mine [Yahoo! Finance]Yahoo! Finance
- Peabody Announces First Coal Shipment from Centurion MinePR Newswire
- Peabody Announces First Coal Shipment from Centurion MinePR Newswire
- Peabody Energy Co. (NYSE: BTU) was upgraded by analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating. They now have a $26.00 price target on the stock.MarketBeat
BTU
Earnings
- 10/31/24 - Beat
BTU
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- BTU's page on the SEC website