A coalition of business interests filed a lawsuit Tuesday seeking to overturn a California law that requires thousands of companies to report their greenhouse gas emissions.
The content of the lawsuit is It has been submitted The U.S. Chamber of Commerce, the American Farm Bureau Federation, and four California groups argued that the order amounted to forced speech in violation of the First Amendment. Democratic California Governor Gavin Newsom signed the law into law in October 2023. The law would require businesses in the state with at least $1 billion in annual revenue to calculate and disclose not only the emissions associated with their operations, but also the emissions produced by both the suppliers and customers who use their products. It is mandatory to do so. (Related: Democrats' energy permitting reform bill includes billions for environmental activist groups)
“I'm proud of the leadership and innovation shown by American companies in tackling climate change,” said Tom Quadman, executive director of the Chamber of Commerce's Center for Capital Markets Competitiveness. Said In a press release. “Businesses and governments need to work together to address problems, and that requires policies that are practical, flexible, predictable, and durable. California’s corporate disclosure law does the opposite: It violates the First Amendment by forcing subjective statements.”
The groups are asking a court to block the California Air Resources Board from implementing the state's enforcement plan, according to court documents.
California's Air Quality Commission plans to implement legislation for companies by 2025, and companies will begin disclosing their emissions over the next two years. according to To the Wall Street Journal.
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According to WSJ, the European Union is considering introducing requirements similar to California's, requiring companies wanting to operate in the region to report their greenhouse gas emissions. The Securities and Exchange Commission is also working on a proposal that would require public companies to disclose climate-related information in their securities reports.
“Worse still, these laws require both public and private companies with minimal operations in the state to have access to emissions from their entire supply chain, regardless of where the emissions occur.” “It requires us to calculate greenhouse gas emissions and subjectively measure the global climate and report on the associated financial risks and mitigation strategies proposed for California,” Quadman said in a press release. Stated. “The cost and compliance issues of this law will impact businesses of all sizes, especially small businesses on Main Street.”
Newsom's office did not immediately respond to a request for comment from the Daily Caller News Foundation.
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