California Senator Floats Climate Disclosure Bill As U.S. Officials Eye Rules

A California state senator is floating legislation that would require large corporations, banks, insurance companies and others to report the financial and other risks they face from climate change and its effects, a measure that could allow the Golden State to continue its leading role on climate change even as federal officials weigh their options. Sen. Henry Stern (D-Canoga Park), the sponsor of SB 449 , argues that the information the bill requires companies to disclose is necessary to prevent...