California Advances Corporate GHG Reporting Bill, But Kills Risk Measure

The California state Senate is advancing a landmark bill to require large U.S. companies to annually report greenhouse gas emissions from their entire supply chain and set GHG-reduction targets, though senators killed a measure that would have required corporations, banks and insurance firms to report on their climate-related financial and other risks. Lawmakers’ decision not to advance the risk disclosure bill comes as federal officials are developing a similar framework for publicly traded companies, though supporters of the California measure...