The U.S. Court of Appeals for the Ninth Circuit pumped the brakes on a California law requiring the state’s biggest companies to disclose their climate change-related financial risks. The law, referred to by its legislative number, SB 261, was scheduled to take effect Jan. 1.
Cheryl Miller
The U.S. Court of Appeals for the Ninth Circuit pumped the brakes on a California law requiring the state’s biggest companies to disclose their climate change-related financial risks.
The court, without elaboration, granted a request by the U.S. and California chambers of commerce and other business groups to enjoin the reporting law while they appeal a federal court judge’s refusal to grant a preliminary injunction.
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