Calif.'s SB 253, which still needs Gov. Newsom's signature, mandates big companies disclose greenhouse gas emissions across all three 'scopes' starting in 2025.
The California Legislature on Tuesday approves rules that will soon require companies in the state making over $1 billion in gross annual revenue to reveal greenhouse-gas emissions from operations and all along their supply chain, meaning emissions linked to their vendors and their customers.
Man-made carbon dioxide and other emissions have been scientifically proven to be speeding up climate change, the atmospheric phenomenon contributing to deadly extreme heat, costlier food and acidifying, rising oceans that threaten coastal populations. Proponents of the bill argue it will offer California’s regulatory agencies, investors and consumers the necessary information to hold polluting corporations accountable.
The California Chamber of Commerce has said in a statement that it worried about the state losing companies if those concerns choose to opt for lighter regulations elsewhere. The group also questioned if the California Air Resources Board has the authority to regulate out-of-state companies bringing goods and services to California.
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