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California Climate Reporting Law Paused by Ninth Circuit (2)

Bloomberg Law News · last updated

The Ninth Circuit on Tuesday froze a California law requiring companies to disclose financial risks from climate change starting next year.

SB 261 directed companies to release an annual report on the financial risks they face from climate change beginning in January. The US Chamber of Commerce and other business groups asked the US Court of Appeals for the Ninth Circuit to pause the 2023 statute, along with, SB 253, a related California law that requires companies to start reporting their greenhouse gas emissions as soon as June 2026.

The Ninth Circuit denied the organizations’ request to halt SB …

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