Bill > S09595

This bill establishes the Climate Corporate Accountability Act, which requires certain business entities within the state (with total revenues exceeding $1 billion in the preceding calendar year) to annually disclose their scope one, scope two, and scope three greenhouse gas emissions. The bill defines these terms, with scope one referring to direct emissions, scope two referring to indirect emissions from purchased electricity, and scope three referring to other indirect emissions along the supply chain. The bill requires the Department of Environmental Conservation to adopt regulations for this disclosure and verification process, including the creation of an emissions registry to receive and publicly share the disclosures. The Attorney General can bring civil actions against non-compliant entities, with penalties of up to $100,000 per day. The bill is set to take effect two years after becoming law, with rules and regulations authorized to be implemented by the effective date.