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Oil lobbyists spend millions to stall California’s game-changing climate bill

By illuminem briefings 🌎

Jul 06 2023 · 1 min read

Illuminem Voices
illuminemX · Sustainability Law

illuminem summarizes for you the essential news of the day. Read the full piece from The Guardian here or enjoy below! 

🗞️ Driving the news: Two transparency bills in the California legislature aim to enhance corporate accountability by requiring companies to disclose more information about their emissions and climate action

🔭 The context: Current reporting requirements for corporate emissions are fragmented
• The climate disclosures bill would establish a groundbreaking law, holding some of the world's largest companies accountable for their environmental impact

🌎 Why does it matter for the planet: These bills could be a significant turning point in holding big polluters accountable and exposing misleading climate claims

⏭️ What’s next: Although the bills have gained momentum, their fate rests on moderate Democrats historically aligned with corporate interests
• These legislators will play a pivotal role in determining whether the bills advance or face obstruction

💬 One quote: "We can't improve what we don't measure," (Mary Creasman, CEO of California Environmental Voters)

📈 One stat: A study found that 93% of Chevron's offsets over the past two years were likely ineffective, underscoring the need for stricter regulations and reliable offsets in carbon trading markets

Click for more news covering the latest on Ethical Governance

 

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