BlackRock seeks dismissal of Texas antitrust case over alleged suppression coal production

BlackRock seeks dismissal of Texas antitrust case over alleged suppression coal production

Asset managers accused of using index fund holdings to exert influence over corporate emissions practices

Thungela CEO says firm favours metallurgical coal deals

THUNGELA Resources would consider adding metallurgical coal assets to its portfolio as there was a “natural adjacency” to its thermal coal production, said CEO July Ndlovu. “Metallurgical coal is an interesting aspect for us. The markets are something we understand and understand well,” said Ndlovu in an interview last week. “The logistics are exactly the same” he said, adding that open cast metallurgical mines were “very much down our alley”. “…

BlackRock Is Accused of a Plot Against Coal. The Firm Says That’s ‘Absurd.’

BlackRock, Vanguard Fight High-Stakes Texas Collusion Case - Energy News, Top Headlines, Commentaries, Features & Events

By Josh Sisco, Silla Brush, and Madlin Mekelburg Coal on barges in Pittsburgh. Photographer: Justin Merriman/Bloomberg The world’s largest asset managers urged a federal judge in Texas to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how US firms oversee trillions of ...