The ESG/DEI cartel is finally being held responsible.

According to Courthouse News, Texas Attorney General Ken Paxton and attorneys general from 10 other states, accuses the money managers of using their market influence and affiliations with environmentalist organizations to pressure coal producers into reducing their output by imposing Net Zero targets. The lawsuit, filed Wednesday in federal court in Texas, claims that these actions have led to shortages, causing higher power bills for Texans and residents of the other involved states.

The central accusation against these three asset managers is that their substantial coal holdings give them the ability to potentially collude and drive up coal prices in order to push the implementation of climate policies. BlackRock and Vanguard are also notorious for pushing DEI or woke policies on companies resulting from the massive amount of stock positions they accumulate that gives them enormous leverage during shareholders meetings.

During June of this year, the House Judiciary Committee conducted an investigation and concluded that a newly formed climate cartel, consisting of left-wing environmental groups and major financial institutions (like BlackRock), worked together to pressure American companies into adopting anti-fossil fuel policies. These actions, according to the committee, have ultimately harmed U.S. consumers.

The climate cartel obviously seeks to destroy the U.S. energy market and, simultaneously, has a disdain for the American public. This lawsuit is the appropriate retaliation against BlackRock (especially its CEO Larry Fink) along with State Street, Vanguard, and environmentalist organizations the three asset management companies collude with.