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The
State senate approved the bill mandating greenhouse gas
emissions disclosure last week, leaving Newsom with the final
say.
Asked at the start of "Climate Week" in New York, a week of
events coinciding with the U.N. General Assembly, whether he
would sign the bill, Newsom replied: "Of course I will sign that
bill."
"We have some cleanup on some little language," he added,
without giving details.
Newsom acknowledged there had been "a lot of opposition" to the
bill which would require companies earning more than $1 billion
a year and operating in the state to measure categories of
emissions including a complex category linked to supply chains
and end-users, known as Scope 3.
The Securities and Exchange Commission is yet to issue its own
guidance.
Multinational companies including Apple and Microsoft have
voiced support for the bill, but the California Chamber of
Commerce said it would increase costs and paperwork for firms.
Measures aimed at managing environmental, social and governance
(ESG)factors have created controversy among U.S. politicians in
recent years. Lawyers have said the new California legislation
could still be challenged in court.
Last week, California sued major oil companies, alleging they
had played down the risks posed by fossil fuels.
(Reporting by Isla Binnie; editing by Diane Craft)
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