A bill would require companies with more than $1 billion in annual revenue to disclose their carbon emissions if they do business in California.
According to the Corporate Climate Responsibility Monitor, the net-zero vows of 24 assessed companies added up to a combined 36% emission reduction by their respective target years.
Mary Creasman, chief executive of California Environmental Voters, one of the bill’s sponsors, said that California is particularly suited to lead the country against climate change. “California has a big enough economy that companies won’t just say, ‘OK, we’re not going to do business in California anymore.’ That’s impossible,” she said.Mandating companies to report their supply chain emissions would force large businesses to stop working with smaller ones, the California Chamber of Commerce wrote.
“It seems likely that out-of-state or non-California companies would challenge such authority,” read an opposition letter to the Senate Committee on Environmental Quality. “Because of this uncertainty, the burden will fall on California-based companies, giving out-of-state and foreign companies a market advantage, driving production out-of-state and increasing the cost of goods for California residents.”’s SB 260, which passed the Senate last year but was killed in the Assembly by one vote.
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