Lawsuit Challenges California’s New Greenhouse Gas Emissions and Climate Risk Disclosure Laws
SAN FRANCISCO, California – A lawsuit has been filed challenging California’s new laws that require businesses to disclose their greenhouse gas emissions and climate-related financial risks. The Climate Corporate Data Accountability Act and the Climate-Related Financial Risk Act were signed into law recently, mandating annual and biennial disclosures respectively. The U.S. Chamber of Commerce and several other organizations filed the lawsuit, arguing that the laws violate the First Amendment and that federal regulations preempt California’s ability to regulate emissions in other states. The U.S. Chamber of Commerce, along with the American Farm Bureau Federation, California … Read more