California Gov. Gavin Newsom’s administration has proposed delaying two landmark laws requiring large businesses to report their greenhouse gas footprints and exposure to climate risk until 2028. The Department of Finance has released budget trailer bill language delaying the implementation of S.B. 253 and S. 261, which are the first in the nation to require full disclosure of companies’ emissions and climate risk. The laws have sparked a fierce lobbying and legal battle, with the U.S. and California Chambers of Commerce suing over them. Sen. Scott Wiener, chair of the Senate Budget Committee, opposes the proposal, arguing it doesn’t reflect an agreement with lawmakers.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
