This February post noted the introduction of SB 261 which aimed at imposing climate-related financial risk reporting. In the ensuing months, the bill was amended seven times and garnered numerous supporters and opponents. On Saturday, Governor...
California Enacts Law Mandating Climate-Related Financial Risk Reporting
Posted on October 11, 2023
DFPI Embraces ESG Investing But Has It Overlooked An "Inconvenient Truth"?
Posted on April 21, 2023
In honor of Earth Day, the California Department of Financial Protection & Innovation is promoting Environmental, Social, and Governance (ESG) investing on its website: "Embracing Sustainable Investment Practices with ESG Investing". According to...
Commissioner Uyeda Urges Questioning Of ESG Trend Sustainability
Posted on November 21, 2022
In recent remarks to the 2022 Cato Summit on Financial Regulation, Securities and Exchange Commissioner Mark Uyeda noted the uncertainty of both costs and benefits of ESG investing. With respect to costs, Commissioner Uyeda pointed out that the...
Will California's Proposed Corporate Climate Accountability Act Harrow Small Businesses?
Posted on January 10, 2022
Last March, I took note of SB 260, a bill that would enact the California Corporate Climate Accountability Act. If enacted, the CCAA would require the State Air Resources Board to promulgate regulations requiring greenhouse gas emission disclosures...