Companies fear lawsuits from California's climate disclosure rules

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Companies fear lawsuits from California's climate disclosure rules

© Reuters. FILE PHOTO: Gavin Newsom, governor, state of California speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo

The SEC's rules would apply to all U.S.-listed companies, and one of the politicians behind the California law estimates that about 1,400 of those would also meet the threshold to report in the state. It would not be the first time that climate-related legislation originating in California has a broader impact. The state's efforts to cut vehicle emissions pushed car makers to tighten their emissions standards nationwide.

Only 54% of North American companies disclosed Scope 3 emissions in 2021, compared with 71% in Europe, according to a 2021 report commissioned by the World Resources Institute.While California's rules insulate companies from liability in their reports on hard-to-calculate Scope 3 emissions until 2030, the legal"safe harbor" that the SEC's rules include is limited, according to the legal experts.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

California enacts law holding social media companies liable for allowing child sex traffickingGov. Gavin Newsom has signed a bill into law that could hold social media companies like Facebook, TikTok and Instagram liable for facilitating child sex trafficking, his office announced.
مصدر: KPIXtv - 🏆 443. / 53 اقرأ أكثر »

FCC proposes rules to make cable and satellite companies pay subscribers for blackoutsCable and satellite companies might be required to pay subscribers back to cover channel blackouts from retransmission disputes and notify the FCC ahead of time.
مصدر: verge - 🏆 94. / 67 اقرأ أكثر »

Internet companies report biggest-ever denial of service operationInternet companies Google, Amazon and Cloudflare say they have weathered the internet's largest-known denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Ozempic for weight loss is disrupting companies’ business modelCompanies from Walmart Inc. to Conagra Brands Inc. are weighing how much to factor the diabetes drugs known as GLP-1s, increasingly being used for weight loss, into their strategies.
مصدر: mercnews - 🏆 88. / 68 اقرأ أكثر »

Three Things Small Companies Should Probably Adopt from Big TechThis story contains new, firsthand information uncovered by the writer.
مصدر: hackernoon - 🏆 532. / 51 اقرأ أكثر »