California lawmakers approve the nation’s most sweeping emissions disclosure rules for big business

— Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed Monday by California lawmakers, the most sweeping mandate of its kind in the nation.

Lawmakers backing the bill say a large number of companies in the state already disclose some of their own emissions. But the bill is a controversial proposal that many other businesses and groups in the state oppose and say will be too burdensome. About 17 states, including California, have inventories requiring large polluters to disclose how much they emit, according to the National Conference of State Legislatures. California’s climate disclosure bill would be different because of all the indirect emissions companies would have to report. Additionally, companies would have to report based on how much money they make, not how much they emit.

“We’re dealing with information that’s either unreliable or unattainable,” said Brady Van Engelen, a policy advocate at the California Chamber of Commerce. Supporters of the disclosure bill acknowledge it’s not a “perfect” solution that would guarantee flawless emissions reports. But they say it’s a starting point. California Environmental Voters, which supports the bill, says the legislation would put pressure on companies to move faster in lowering their emissions.

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Source: YahooFinanceCA - 🏆 47. / 63 Read more »

California lawmakers approve the nation’s most sweeping emissions disclosure rules for big businessSACRAMENTO, Calif. (AP) — Major corporations from oil and gas companies to retail giants would have to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel under legislation passed Monday by California lawmakers, the most sweeping mandate of its kind in the nation. The legislation would require thousands of public and private businesses that operate in California and make more than $1 billion annually report their direct and indi
Source: YahooFinanceCA - 🏆 47. / 63 Read more »