Exxon, Apple and other corporate giants will have to disclose all their emissions under California’s new climate laws – that will have a global impact::California is the world’s fifth-largest economy. Laws tested there often spread across the U.S. and around the world.
It will have an impact on investment. Environmental ratings are already starting to impact how easily companies can acquire funding for growth.
Which is why big oil is lobbying so hard against ESG data now.