"California Enacts Emission Disclosure Law for Big Businesses"

1 min read
Source: Yahoo Finance
TL;DR

California Governor Gavin Newsom has signed a new law requiring large businesses in the state to disclose their planet-warming emissions. The law applies to over 5,300 companies that generate more than $1 billion in annual revenues and mandates the reporting of both direct and indirect emissions. Supporters argue that the law will increase transparency and encourage businesses to reduce their emissions, while opponents claim it will burden companies and duplicate federal standards. California has been at the forefront of climate policy, and this law is seen as a significant step towards addressing climate change.

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