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GOP AGs sue BlackRock, other investment companies over environmental activism

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The companies' actions have resulted in increased coal and energy prices, the complaint alleges.

Several Republican attorneys general launched a lawsuit Wednesday against three major U.S. investment companies over concerns regarding their environmental activism.

The 109-page document charges the companies with seven different violations. It demands BlackRock pay $10,000 per violation in addition to other fines. BlackRock told The National News Desk it has complied with federal regulations regarding its involvement in the energy sector.

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