California proposes $1.7 billion for climate disclosure law
California Governor Gavin Newsom revised his 2024-2025 state budget proposal to include $1.7 billion to fund the state’s corporate climate disclosure laws, SB 253 and SB 261, among other climate programs. Specifically, the governor’s plan shifts the money from the state’s General Fund to the Greenhouse Gas Reduction Fund (GGRF). The latter is funded by…