BlackRock says Coal Competition claims US energy independence

London (Reuters) -US government support “Unreason” is an “unreasonable” case to violate the target of active managers, energy independence, Blackrock, BlackRock, BlackRock

The US Ministry of Justice and the Federal Trade Commission on Thursday, including Texas and 12 other countries against Blackrock and large investors, other countries against the global consultants (SSGA).

States claim that the company uses important holdings in US coal companies to prevent the company’s competition.

“The support of DOJ and FTC in this unfounded position, the Trump leadership violates the purpose of American energy independence,” Blackrock said.

“As we explained in our previous action, this case is based on the anthitry law and is based on the absurd theory of assassinating shareholders to reduce coal production of coal companies,” he said.

“The ability of active managers to force coal companies, to invest in the capacity to invest in their capital and employees, which lead to higher energy prices.”

SSGA also called the “unfounded” claim, “We expect the facts to submit the facts in a legal process. Additional documents do not change our assessment.”

In his statement, Vanguard said, “Many of the many legal statements promoted by agencies are” propagandized by the passive stock, support the shareholder’s propaganda for active investment, which does not harm the corporate governance and competition.

“The facts remained well in this construction of Vanguard,” he said.

(Notifying by Simon Jessop; Regulation by Conor Humphries)