Newsom Floats Two-Year Implementation Delay For GHG Disclosure Laws

California Gov. Gavin Newsom (D) is floating budget “trailer bill” legislation to delay by two years rulemaking and compliance deadlines for a pair of landmark 2023 laws requiring large corporations to publicly disclose all their greenhouse gas emissions as well as their climate change-related financial risks. “While the amendments remain subject to further negotiation and are not yet agreed upon, they signal the Newsom administration’s current position and its seriousness about addressing key concerns with the laws as enacted,” states...