California Governor Signs First-in-Nation Emission Reporting Law

Thousands of companies doing business in California will be required to disclose their greenhouse gas emissions in the coming years under a new law Gov. Gavin Newsom (D) signed Saturday.

The law (S.B. 253) is the first of its kind in the US and backers contend it will push many businesses to begin assessing environmental impacts that have never done so before, bringing more transparency to efforts to cut emissions and to counter greenwashing, a practice where companies make misleading statements about their environmental practices.

The measure applies to any company with more than $1 billion in revenue ...