Groundbreaking legislation in California that will require large companies to publicly disclose their annual greenhouse gas (GHG) emissions has become law with Gov. Gavin Newsom’s signature.

Newsom signed nearly 500 bills into law last weekend, but state Senate Bill (SB) 253 may have the biggest impact on industry, including natural gas and oil companies.

The Climate Corporate Data Accountability Act directs the California Air Resources Board (CARB) to develop and adopt regulations by 2025 that would require businesses operating in California with more than $1 billion in annual revenues to disclose their carbon footprint for direct and indirect emissions, i.e. Scope 1-3 emissions.

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