State Sen. Henry Stern, a Democrat from Los Angeles who introduced the legislation, said the information would be useful for individuals and lawmakers when making public and private investment decisions. The bill was changed recently to require companies to begin reporting the information in 2026, instead of 2024, and mandate that they report every other year, instead of annually.
Newsom, a Democrat, said he wants California to lead the nation in addressing the climate crisis."We need to exercise not just our formal authority, but we need to share our moral authority more abundantly," he said.
The civil lawsuit filed in state Superior Court in San Francisco also seeks the creation of a fund — financed by the companies — to pay for recovery efforts following devastating storms and fires. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.
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