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On Thursday, August 28, 2024, the American Sustainable Business Council (ASBC) sued Texas on behalf of members, including Etho Capital and Sphere, for violating free speech and association rights.
Here is a selection of some of the news coverage:
New York Times, Business Group Sues Texas Officials Over Law That Shields Oil Industry
Bloomberg, Texas officials sued over anti-ESG law targeting Wall Street
S&P Global, Business group sues Texas officials over 2021 anti-ESG law
PoliticoPRO, Group sues to block Texas anti-ESG law
The Dallas Morning News, Business group sues to strike Texas’ anti-ESG investment ban
Houston Chronicle, Business Group Sues Texas to Stop Unconstitutional Assault on Free Speech and Due Process (Column)
Houston Chronicle, Group sues over Texas law targeting companies for fossil fuel boycotts
Reuters, Texas is sued over anti-ESG law
E&E News, Texas anti-ESG law faces First Amendment challenge
View the Complaint, see the Press Release and the most recent news.
American Sustainable Business Council Sued Texas on Behalf of Members
SB-13 is bad for business. SB-13 penalizes businesses and investors for making the strategic and wise choice not to support fossil fuels.
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
Business Group Files Challenge to Texas Law That Punishes Responsible Investors
AUSTIN – Today, the American Sustainable Business Council (ASBC), acting on behalf of members including Etho Capital and Sphere, sued Texas 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 private companies that choose not to make risky investments in fossil fuel companies.
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