California Governor Newsom to Sign Groundbreaking Climate Transparency Laws for Big Business

California Governor Gavin Newsom announced his intention to sign two climate-focused bills into law, which will require major corporations to disclose their greenhouse gas emissions and financial risks related to climate change. The first bill mandates large businesses to disclose both direct and indirect emissions, while the second bill requires companies to disclose the financial risks posed by climate change and their plans to address them. The goal is to increase transparency and encourage companies to reduce their carbon emissions. Newsom also filed a lawsuit against oil and gas companies, accusing them of deceiving the public about the risks of fossil fuels and seeking funds for recovery efforts from climate change-related disasters.