CALIFORNIA GOV. GAVIN NEWSOM SAYS HE WILL SIGN CLIMATE-FOCUSED TRANSPARENCY LAWS FOR BIG BUSINESS

California Gov. Gavin Newsom said that he plans to sign into law a pair of climate-focused bills intended to force major corporations to be more transparent about greenhouse gas emissions and the financial risks stemming from global warming.

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Newsom's announcement came during an out-of-state trip to New York's Climate Week, where world leaders in business, politics and the arts are gathered to seek solutions for climate change.

California lawmakers last week passed legislation requiring large businesses from oil and gas companies to retail giants to disclose their direct greenhouse gas emissions as well as those that come from activities like employee business travel.

Such disclosures are a “simple but intensely powerful driver of decarbonization,” said the bill’s author, state Sen. Scott Wiener, a Democrat.