Lawmakers are eyeing emissions disclosure requirements and an insurance industry rescue.
, companies that generate at least $1 billion in revenue and do business in California would have to annually report their emissions to the public. an emissions disclosure rule at the federal level. But the bill is more aggressive than the SEC rule in two key respects.
Second, the bill would require companies to disclose their scope 3 emissions, or those produced by customers and suppliers. SEC Chairthat the commission won’t mandate scope 3 disclosures to help the regulation survive expected legal challenges.in May. “Scope 3 is very important, and for a lot of companies, it is 90 percent or more of the company’s carbon emissions.”
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