California Climate Reporting Law Paused by Ninth Circuit (2)

The Ninth Circuit on Tuesday froze a California law requiring companies that do business in the state to disclose financial risks from climate change starting next year.

The law, SB 261, directed companies to release a report once every two years on the financial risks they face from climate change beginning in January. The US Chamber of Commerce and other business groups asked the US Court of Appeals for the Ninth Circuit to pause the 2023 statute, along with, SB 253, a related California law. SB 253 will require companies to start reporting their greenhouse gas emissions as ...