California Gov. Gavin Newsom signs law requiring big businesses to disclose emissions

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California Gov. Gavin Newsom signs law requiring big businesses to disclose emissions
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California will soon require big businesses to report a wide range of greenhouse gas emissions. California Gov. Gavin Newsom signed the nation’s most sweeping emissions disclosure law for co…

FILE – California Gov. Gavin Newsom speaks during a news conference in Sacramento, Calif., Tuesday Sept, 26, 2023. SACRAMENTO, Calif. — Large businesses in California will have to disclose a wide range of planet-warming emissions under a new law Gov. Gavin Newsom signed Saturday — the most sweeping mandate of its kind in the nation.

But the California Chamber of Commerce, agricultural groups and oil giants that oppose the law say it will create new mandates for companies that don’t have the experience or expertise to accurately report their indirect emissions. They also say it is too soon to implement the requirements at a time when the federal government is weighing emissions disclosure rules for public companies.

“We look forward to working with the Governor’s office on SB 253 clean-up legislation that will address some of the major concerns of our members, particularly the impact on small business,” Barrera said. “The tools developed to meet the goals of SB 253 must be cost-effective and useful.” “These companies are doing business in California,” Wiener said. “It’s important for Californians to know … what their carbon footprint is.”

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