![]() Large accounting firms, including Deloitte, Ernst & Young, PwC and KPMG, have begun to include greenhouse gas reporting among their services. “However, the full picture of corporate climate emissions currently remains fragmented, incomplete, and unverified.” “Climate change poses a significant risk to our long-term economic success, impacts the health and livelihood of the communities in which we operate and live, and disrupts the value chains on which we rely,” many of the corporate supporters wrote in a letter of support Aug. They include Silicon Valley titans like Apple, Google and Microsoft. In recent weeks, some leading companies have come out in favor of the bill. “If somebody buys a hamburger at McDonalds and they eat it in their car, do those emissions count?” “There is just no system where you plug in the data and the answer gets spit out,” he added. “Wherever these interest groups can, they are looking to tighten down regulations and tighten down the way our businesses operate and the way people live in this state,” said Kevin Slagle, a spokesman for the Western States Petroleum Association, which represents big oil companies. Rare Northern California wildflower designated endangered Most controversial, it requires them to report emissions from other sources, like employee commutes, business travel, their supply chain and emissions when consumers buy their products. The bill, which the Democratic-controlled Legislature approved Tuesday, requires companies to report emissions from their facilities and from their sources of electricity. “This is a profoundly flawed mandate that focuses on data that is either unobtainable or will be inaccurately reported.” “Business leaders and company owners make decisions - including where to locate and expand their operations - based on costs and the ability to be profitable,” said Denise Davis, a spokeswoman for the California Chamber of Commerce. And opponents say that it’s nearly impossible to accurately tally up all the emissions. They also argue it will put California at a competitive disadvantage to other areas. They say it will increase costs, add red tape and put a burden on small businesses, who may be asked to provide information if they supply larger companies with goods and services. They include the California Chamber of Commerce, Western Growers Association, California Restaurant Association, California Trucking Association and others. ![]() It will create a race to the top.”ĭozens of industry groups oppose the bill, from oil companies to agricultural interests. “This gives companies the incentive to clean up their act, and to pollute less. “If your house is super messy and you are having people over for dinner, you clean up the dishes, you clean the bathroom, and you wipe down the counters,” said Mary Creasman, CEO of California Environmental Voters, a nonprofit group in Oakland. The bill would affect all large companies doing business in California, whether or not their headquarters are in the state, and whether they are publicly owned or private. It will create a significant incentive for corporations to become very serious about reducing their carbon footprint.” ![]() This bill will lift up the hood so the public will be able to see which are walking the walk and which are not. Some market themselves as green, yet are anything but. Scott Wiener, D-San Francisco, the bill’s author, on Friday. “There are a number of corporations that are working very hard to reduce their carbon footprint,” said State Sen. The data could potentially be used by researchers, advocacy groups, media outlets and others to issue “biggest polluter” lists showing which companies emit the most carbon dioxide, methane and other greenhouse gases that scientists say are contributing to the steady warming of the planet. If Newsom signs it into law, the measure would require about 5,300 companies with more than $1 billion in annual revenue - brand names from McDonalds to Walmart, Chevron to Home Depot - to issue the annual reports, verified by outside auditors, starting in 2026. The bill, the first of its kind in the nation, is being closely watched in other states and other countries. Gavin Newsom that would require corporations doing business in California add up how many tons of greenhouse gases they emit each year, and make the information public. In what is being described by environmental and industry groups as the most significant environmental legislation this year in Sacramento, state lawmakers have sent a bill to Gov.
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