By Bob Walsh
California has just passed two new significant "climate
change" bills into law. They take effect next year. They effect
corporations that do business in CA. Please note that does not mean
corporations that are headquartered in CA. Merely that they do business
here.
Senate Bill 253 is
known as the Climate Corporate Data Accountability Act. This requires
that corporations that have a total of more than $1 billion in annual
revenue and that do business in CA report Green House Gas (GHG)
emissions that they are "responsible" for, including corporate travel,
supply chain and employee commuting. This starts in January 2026 and
January 2027, depending on exactly what component we are talking about.
Senate
Bill 261, the Climate Related Financial Risk Act, mandates that
corporations doing business in CA and who have over $500 million in
annual revenue disclose all financial risks related to climate and
climate change and how they plan on reducing and adapting to those
risks.
Violation of these
mandates could cost the companies $50,000 per year. These reports would
be made to the California Air Resources Board, which is a group of
appointed people who are basically climate change nutters.
This
is what one-party government does to a state. Insanity becomes normal
and they not only expect but DEMAND that EVERYBODY drink the Kool-Aid.
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