Governor Newsom Proposes Two-Year Delay to California’s Groundbreaking Climate Disclosure Requirements for Large Corporations
SACRAMENTO, Calif. — Governor Gavin Newsom is pushing for a significant postponement in California’s pioneering climate disclosure laws. These laws, the first of their kind in the nation, affect companies doing business within the state that generate more than $500 million in annual revenue. Newsom’s new legislative suggestions advocate for shifting the compliance deadlines back by two years, citing feasibility concerns and the economic burdens they impose on businesses. Under the proposed amendments, businesses with an annual revenue exceeding $1 billion would now have until 2028 to disclose their direct and indirect greenhouse gas emissions, … Read more