California Air Resources Board unanimously approves initial climate disclosure regulation recommended by staff
California Air Resources Board unanimously approves initial climate disclosure regulation recommended by staff
On February 26, the California Air Resources Board (“CARB” or “Board”) held a public hearing to consider adoption of its initial regulation implementing the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261). At the conclusion of the hearing, CARB unanimously approved adoption of the regulation (see CARB’s press release here and presentation slides here). The regulation establishes a flat-fee program, defines key terms, and sets August 10,... By: Hogan Lovells