California Emissions Reporting Bill Will Get Governor’s Approval

California Gov. Gavin Newsom (D) said he will sign measures requiring thousands of companies to report greenhouse gas emissions and disclose climate-related financial risks.

The legislation would be the first such laws in the country and apply to both public and private companies, going further than similar rules the US Securities and Exchange Commission is considering.

Newsom said during an event on climate change in New York on Sunday that the state prides itself on pioneering environmental laws, citing California’s cap-and-trade program and pointing to efforts to curb vehicle emissions during Ronald Reagan’s time as governor.

“Of course I am ...