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In October 2023, California Governor Gavin Newsom signed a series of new climate disclosure bills, including Senate Bill 253, Senate Bill 261 and Assembly Bill 1305 (“AB 1305”). As the new year approaches, many companies will need to make sure that their websites include disclosure compliant with AB 1305, which has a compliance deadline of January 1, 2024. AB 1305 is focused on disclosures made by participants in the carbon markets. Public and private clients will generally fall within the scope of the requirements under AB 1305 if they (1) sell or market voluntary carbon offsets in California, (2) operate in California and make certain environmental claims about their business or products (e.g. net zero, carbon neutrality, and significant emissions reductions), or (3) operate in California, make certain environmental claims about their business or products, and buy carbon offsets.
Kaela Japson
kjapson@wsgr.comAmanda Urquiza is a partner at Wilson Sonsini Goodrich & Rosati, where she practices corporate and securities law. Amanda has extensive experience advising public companies and their boards. Her practice includes all aspects of company representation, including corporate governance, SEC compliance, 1934 Act issues, public offerings, private placements, and mergers and acquisitions. She brings a nuanced perspective to her practice, driven by her broad range of experience, including time spent in-house and practicing internationally.
Karli Upfill-Brown is an associate in the Century City office of Wilson Sonsini Goodrich & Rosati, where she is a member of the firm’s energy and climate solutions practice. Her practice focuses on advising clients across the climate technology space, including solar, wind, energy storage, energy efficiency, grid services, electric vehicle charging, carbon capture and storage, decarbonization processes, water efficiency, and recycling. She has also worked on key commercial contracts for the development of data centers in the United States.