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Newsom says he'll sign major corporate climate disclosure bill [1]

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Date: 2023-09-17

California Gov. Gavin Newsom said Sunday he plans to sign a major bill that would change the way American companies report their climate risk.

Speaking at a climate panel in New York City, the governor said “of course” he would sign CA SB253 (23R), which would require companies earning at least $1 billion per year and doing business in the state to disclose their scopes 1, 2 and 3 emissions.

The legislation for the first time will show the largest corporate polluters and where the bulk of those emissions are in companies’ supply chains. It would cover more than 5,000 companies operating in California but could also shake up how climate risk is viewed nationally. The federal government has been slow to release proposed regulations that would require increased disclosure of climate risk.

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[1] Url: https://www.politico.com/news/2023/09/17/newsom-corporate-climate-disclosure-bill-00116439

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