Utility Dive•about 1 month ago
California issues enforcement advisory on climate disclosure law
- •California's Air Resources Board (CARB) has issued guidance on SB 261, a state law mandating climate-related financial risk disclosures for large companies operating in California.
- •This guidance follows a temporary halt in the law's implementation by the Ninth Circuit, signaling ongoing regulatory intent despite legal challenges.
- •Large power consumers and IPPs operating in California, if they meet the 'large company' threshold, will likely face new compliance burdens and increased scrutiny on their climate-related financial risks.
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