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CA Gov. Newsom To Sign Radical Climate “Disclosure” Bill

Gas prices are back up to $6 a gallon in many cities in California – which is well more than $1 a gallon higher than the national average. This is one of the many prices Californians pay for the radical anti-fossil fuel policies of this state and its governor Gavin Newsom

Newsom’s latest scheme is to require all businesses in the state with annual revenues of $1 billion or more to monitor and disclose their greenhouse gas emissions. The Biden administration has been trying to do this nationwide at the SEC, but fortunately, that initiative has been stalled.

Newsom says this will affect 5,300 businesses, but in reality, this reg will impose onerous costs on the hundreds of thousands of small company suppliers to these targeted businesses.

The agenda here is far more sinister than just paperwork.

“These carbon disclosures are a simple but intensely powerful driver of decarbonization,” the bill’s lead sponsor Scott Wiener (D-San Francisco) said.

By gaining “full visibility” into corporate carbon emissions, investors and consumers will gain “tools and incentives to turbocharge their decarbonization efforts… This legislation will support those companies doing their part to tackle the climate crisis and create accountability for those that aren’t.”

Sounds to us like a carbon shakedown. We’re worried that this climate craziness will spill over into other blue states.

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