On Thursday, August 28, 2024, the American Sustainable Business Council (ASBC) sued Texas on behalf of members, including Etho Capital and Sphere, for violating the free speech and association rights protected under the First and Fourteenth Amendments of the United States Constitution through the implementation of SB-13—a law that penalizes investors that choose not to make risky investments in fossil fuel companies and businesses that choose not to pursue practices and products that are fossil-fuel reliant.