California Gov. Gavin Newsom’s administration on Friday proposed delaying a pair of landmark laws requiring large businesses to report their greenhouse gas footprints and exposure to climate risk.
The Department of Finance released budget trailer bill language that would delay the implementation of S.B. 253 and S.B. 261 by two years, until 2028.
The 2023 laws by Sens. Scott Wiener and Henry Stern are the first in the nation to require full disclosure of companies’ greenhouse gas emissions and climate risk. They’ve sparked a fierce lobbying and legal battle, with the U.S. and California Chambers of Commerce suing over them.
Wiener — chair of the powerful Senate Budget Committee — said he opposes the administration’s proposal and that it doesn’t reflect an agreement with lawmakers.
