California Climate Bills to Boost Efforts in NY, Other States

California Climate Bills to Boost Efforts in NY, Other States

October 6, 2023, Bloomberg Tax

Andy Jack’s commentary was included in a Bloomberg Tax article exploring how bills in California requiring companies to disclose financial risks related to climate and report greenhouse gas emissions could inspire similar proposals in other states. The story also details how these proposals will affect the business environment in California and other states considering such measures.

Andy commented on the potential effects, saying, “Before we see other people jumping into the fray on new statutes, let the laboratory percolate a little more in California.” He also gave his input on how climate reporting requirements in the European Union means that companies can’t take an “ostrich in the sand” approach. “Ostrich behavior is no longer going to work,” he said.