Michael Copley
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Lawyers for all three firms have denied the allegations.
But Vanguard has agreed to pay $29.5 million to settle the allegations.
The firm also said it won't push companies it's invested in to take particular actions to cut climate pollution.
BlackRock and State Street weren't part of the agreement.
has been moving away from coal to generate electricity in favor of cheaper natural gas and renewable energy.
The Energy Information Administration expects coal generation to fall by 6 percent this year and 4 percent in 2027.
Late last month, part of a decades-old sewer line in Maryland collapsed, sending hundreds of millions of gallons of wastewater into the Potomac River.
President Trump has blamed Maryland Governor Wes Moore and other local Democrats for the spill, saying the Federal Emergency Management Agency will now help coordinate the response.
But the sewer line is managed by D.C.
Water, a utility in the District of Columbia that's federally regulated.
Moore says it's the federal government that hasn't been doing its job.
DC Water says emergency repairs will take about a month, followed by a longer rehab effort that could take up to 10 months.
The utility says drinking water in the area has not been contaminated.
In 2021, Texas lawmakers prohibited state retirement funds for investing or contracting with firms that limit their exposure to fossil fuel companies or that take any action to hurt the industry.
District Judge Alan Albright in Austin ruled the law as unconstitutional because it violates the rights to free speech and to due process.
The case was brought by the American Sustainable Business Council.