Today, the California Senate Environmental Quality Committee is scheduled to hear SB 260, aka the Climate Corporate Accountability Act. This bill would require the California Air Resources Board to adopt regulations develop and adopt regulations requiring business entities with total annual revenues in excess of $1 billion and that do business in California publicly to disclose their greenhouse gas emissions. The bill requires of disclosure of three types of emissions:
The reporting entity would also be required to disclose a greenhouse gas emissions reduction target that is "in line with the scale of reductions required to keep global warming at or below 1.5°C above preindustrial levels, and includes scope 1 emissions, scope 2 emissions, and scope 3 emissions". These disclosures must be independently verified by a third-party auditor, approved by the state board, with expertise in greenhouse gas emissions accounting.
If enacted, one wonders whether these requirements will be challenged on First Amendment or Dormant Commerce Clause grounds.