Governor Gavin Newsom declares he’ll sign landmark climate disclosure bills SB 253 and SB 261!
SB 261 first proposed and drafted by CLEE Climate Risk Initiative
Breaking news! Governor Gavin Newsom just announced on stage at Latest York Climate Week that he’ll sign each of the landmark greenhouse gas emissions and climate risk disclosure bills, #SB253 (Wiener) and #SB261 (Stern), the later of which was first proposed after which drafted by our Climate Risk Initiative on the Center for Law, Energy and the Environment (CLEE) at Berkeley Law!
Once enacted by the Governor, these two bills will set a latest national standard for greenhouse gas emissions reporting and for disclosure of climate-related financial risks consistent with the framework established by the Financial Stability Board’s Task Force on Climate-Related Financial Disclosure (TCFD). California leads the nation once more, as we proceed to attend for US federal financial regulators to require climate-related disclosures from corporations and financial institutions.