The climate bill on Newsom’s desk would force companies to reveal their carbon footprint
Today, the California Legislature has granted approval to a highly anticipated and pioneering climate bill that would compel large corporations to disclose their annual emissions of greenhouse gases that contribute to climate change. The destiny of Senate Bill 253 now rests in the hands of Governor Gavin Newsom. His spokesperson, Daniel Villasenor, refrained from commenting on whether he intends to sign the climate bill. Impractical and likely to result in inaccurate emissions reports In the final stages of California’s legislative session, various stakeholders, including business groups, agricultural entities, and oil companies, engaged in vigorous lobbying efforts to dissuade lawmakers from endorsing the legislation. They argued that it was impractical and likely to result in inaccurate emissions reports. On the opposing side, environmental organizations found support from major tech giants like Apple, Google, Microsoft, and Salesforce, as well as several global cor...