California Senate Bill 261 (the Climate-Related Financial Risk Act; SB 261) requires certain businesses to submit biennial disclosures of climate-related financial risks, as well as the measures they have implemented to reduce such risks.
Executive Order Targets State Climate Laws, But Existing GHG Permit Requirements Remain Enforceable
On April 8, 2025, President Donald J. Trump issued an executive order titled Protecting American Energy From State Overreach. The order directs the U.S. attorney general to identify and take action against state and local laws “burdening” domestic energy development, especially laws addressing climate change, environmental, social, and government (ESG) initiatives, and environmental justice.