California Democrats Push SEC to Adopt State’s Climate Rules

House Democrats from California are urging the SEC to make their state’s corporate climate reporting rules the national standard as the agency looks to require greenhouse gas emissions disclosures.

The Securities and Exchange Commission needs strong disclosure requirements for emissions, including those from supply chains and other indirect sources, Reps. Juan Vargas, Adam Schiff and 24 other California Democrats said in a letter to SEC Chair Gary Gensler.

California Gov. Gavin Newsom (D) on Oct. 7 signed into law a measure requiring large companies to report greenhouse gases released from their direct operations and energy use by 2026 and indirect ...