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Newsom administration proposal: Delay corporate climate reporting for two years

By Debra Kahn | 07/02/2024 06:17 AM EDT

Budget trailer language released Friday in California would give businesses until 2028 to start reporting their greenhouse gas emissions.

Scott Wiener speaks at a press conference.

State Sen. Scott Wiener — chair of California's powerful Senate Budget Committee — said he opposes the administration's proposal and that it doesn't reflect an agreement with lawmakers. Debra Kahn/POLITICO

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 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 .

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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.

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