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CA law requiring businesses to disclose greenhouse gas emissions passes Senate

California Senate lawmakers passed a first-in-the-nation law on Wednesday that would require U.S.-based companies conducting business in the state and generating over $1 billion in revenue annually to disclose their greenhouse gas emissions.

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The US Moving Toward Adopting New Climate Disclosures | Mayer Brown Free Writings + Perspectives

To embed, copy and paste the code into your website or blog: On June 21, 2021, US financial regulators met with US President Joe Biden to discuss the US economy and update him on their efforts to address climate-related risks. According to the White House readout of the meeting, the regulators said “they were making steady progress” on implementing President Biden’s executive order on climate-related risk. The briefing follows last week’s passage of HR 1187, the Corporate Governance Improvement and Investor Protection Act, by the US House of Representatives 1 by a vote of 215 to 214. HR 1187 would mandate that the SEC create an ESG disclosure regime for public companies and provides numerous statutory requirements for those disclosures, including climate-related disclosures. Although the bill is unlikely to become law due to expected opposition in the US Senate, which requires a 60-vote supermajority to pass legislation, the passage of the HR 1187 by the House – combined

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