Overview
- CARB posted proposed regulatory text for California’s climate disclosure laws and issued a staff report explaining the approach.
- Under the proposal, companies covered by SB 253 would submit Scope 1 and Scope 2 emissions by August 10, 2026.
- CARB expects formal publication on December 26, opening a 45-day comment period through February 9, with a board hearing set for February 26 and a possible continuation on February 27.
- Enforcement of SB 261 is paused under a Ninth Circuit injunction, and CARB says it will not enforce the January 1, 2026 reporting date while offering a voluntary filing docket.
- The draft defines revenue using tax-code “gross receipts,” applies the lesser of the prior two fiscal years to determine coverage, and excludes nonprofits, insurers, government entities and other limited categories, as legal challenges by the U.S. Chamber of Commerce and ExxonMobil proceed.