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California Corporate Accountability Bill Dies in State Assembly

Sept. 1, 2022, 2:15 PM

A significant climate reporting bill to required large private and public corporations such as Amazon.com Inc., Apple Inc., and Walmart Inc. to disclose greenhouse gas emissions was unable to advance in the California Assembly.

The bill, S.B. 260, received a 37-25 vote on Wednesday, unable to secure a simple majority of the 80-member Assembly. The state Senate had previously passed it 23-7 in January.

The measure would have gone farther than the Securities and Exchange Commission’s proposed climate disclosure rule, which only applies to publicly traded companies and contains certain carve-outs for supply-chain emissions reporting.

A full ...