California
California Moves To Delay Corporate Climate Reporting Requirement Until 2028
SAN FRANCISCO, CALIFORNIA – OCTOBER 06: (L-R) California Gov. Gavin Newsom speaks during a press … [+]
In September 2023, California passed legislation requiring large companies to file sustainability disclosures beginning in 2026. The move was part of a global trend of sustainability reporting and environmental, social and governance reporting focused on climate change and greenhouse gas emissions. However, a new proposal by Governor Gavin Newsom will delay implementation by two years.
As international focus on climate change increased in the wake of the Paris Agreement, there was a simultaneous increase in pressure on businesses to be more accountable for their climate and environmental policies. This translated into a rise in ESG reports and sustainability reports created by companies to attempt to showcase their green initiatives.
Around 2020, the production of these reports became standard practice by both publicly traded and privately held companies. However, there was no standardization of content. Regulators scrambled to create sustainability reporting standards. This was generally done at a national or international level.
In 2021, the International Sustainability Standards Board drafted the International Financial Reporting Standards Foundation’s Sustainability Disclosure Standards. The IFRS Standards were adopted in June 2023 as the global standard for sustainability and climate change reporting, including GHG emissions.
That same month, the European Union announced the adoption of the European Sustainability Reporting Standards. The ESRS incorporated the IFSR Standards for climate related disclosure
In March 2022, the SEC proposed the development of a Climate-Related Disclosure Rule. The final rule, adopted in March, 2024, required large publicly traded companies to disclose climate action, GHG emissions, and the financial impacts of severe weather events. The rule was initially set to go into effect in 2026.
In September 2023, California approved the Climate Accountability Package, a pair of bills aimed at creating sustainability reporting requirements. The bills require reporting standards far beyond the SEC standards.
Senate Bill 253 requires companies who do business in California and have an excess of $1 billion in revenue, defined as “reporting entities”, to submit an annual report for Scope 1 and Scope 2 starting in 2026. Scope 3 reporting will begin in 2027. The State Air Resources Board must create the details of the reporting requirement by January 1, 2025.
Senate Bill 261 requires companies who do business in California and an excess of $500 million in revenue, defined as “covered entities”, to submit a biennial climate-related financial risk report. The report is based on the work of the Task Force on Climate-Related Financial Disclosures, established by the Financial Stability Board.
Implementation of sustainability reporting standards has been bumpy at best. The drafting of the regulations was more complicated than lawmakers originally envisioned. The result has been delays in the implementation timelines as governments struggle to find a balance between the desire to require reporting and the complexities of a regulatory scheme. The EU has delayed parts of the ESRS to allow companies to adjust to the existing standards and to allow time for additional drafting.
This became even more problematic, especially in the U.S., as regulations were challenged in the courts. The SEC rule was delayed indefinitely as challenges work through the legal system.
The California requirements faced similar challenges. However, it was not the legal challenges that delayed implementation, but rather the inability to draft the details in time. This is not a new concern, and it is not surprising the Newsom is now pushing the delay.
Newsom signed the bill into law on October 7 but questioned the feasibility of implementation at the time. The Governor’s message with the bill singing, which becomes part of the official record, stated (in full).
“I am signing Senate Bill 253 which would require, among other things, the California Air resources Board (CARB), by January 1, 2025, to develop and adopt regulations requiring businesses with total annual revenues over $1 billion and operating in California to disclose their greenhouse gas emissions to an emissions reporting organization.
“This important policy, once again, demonstrates California’s continued leadership with bold responses to the climate crisis, turning information transparency into climate action. However, the implementation deadlines in this bill are likely infeasible, and the reporting protocol specified could result in inconsistent reporting across businesses subject to the measure. I am directing my Administration to work with the bill’s author and the Legislature next year to address these issues.
“Additionally, I am concerned about the overall financial impact of this bill on businesses, so I am instructing CARB to closely monitor the cost impact as it implements this new bill and to make recommendations to streamline the program. I look forward to working with the Legislature on these modifications to ensure we achieve this bill’s goals of ‘full transparency and consistency’.”
The proposal will delay Scope 1 and Scope 2 reporting until 2028. Scope 3 will be delayed until 2029. It is unclear if the delays will be adopted. However, given the global trend of delays in implementation, it is not unreasonable to assume that California will follow the same path.
California
California reports one of largest drops in homelessness in past year, Hud reports
California reported one of the largest decreases in homelessness over the past year, according to a new report from the US Department of Housing and Urban Development (Hud).
The Golden state recorded a total unhoused population of 181,934 in 2025 – an almost 3% decrease since the year prior, placing it among the five states with the largest decreases from 2024. However, more significant drops were recorded in Illinois (44%), Hawaii (41%), Florida (11%) and New York (8%).
The new data signals at least some success on the part of Gavin Newsom, the California governor who has intensified his crackdown on homelessness over the past year. In May 2025 he announced a new model ordinance for cities and counties to address “persistent” homeless encampments, as well as $3.3bn in voter-approved funding to increase housing and drug treatment programs.
California, along with New York, had the largest population of unsheltered people recorded in 2025. Homelessness has been a key issue in this year’s gubernatorial race, as well as in the Los Angeles mayoral race.
The data also showed that the national homeless population decreased for the first time since 2016, coming down 3% from 2024. The Trump administration attempted to downplay the small one-year decrease, instead highlighting the fact that homelessness has increased 27% since 2013.
“The data is clear that the status quo of ‘housing first’ has failed to meaningfully reduce homelessness, resulting in crisis levels of people living on the streets,” Scott Turner, the Hud secretary, said in a press release. “HUD is restoring its programs to advance recovery and self-sufficiency and to ensure that taxpayer-funded benefits serve American families.”
As the administration attempted to downplay the drop in homelessness, it also sought to connect the success to its immigration policies, stating that the 2025 decrease was “attributable to decreases in Sanctuary Cities”.
The data comes from the federally mandated homeless point-in-time count, which tallies people sleeping in shelters and outside on a given day. On a single night in January 2025, there were 745,652 homeless persons in the United States.
While anti-homelessness advocates cited the decrease in homelessness as a “relief”, they also pointed out that the Trump administration’s policies may erode the progress that has been made.
“So much of the progress reflected in the 2025 PIT Count is due to targeted housing and service resources that were available in 2024 to rehouse people, including the highly successful Emergency Housing Voucher program, and new funds to address rural and unsheltered homelessness,” Ann Oliva, the CEO of the National Alliance to End Homelessness, said in a statement.
“Unfortunately, the Trump Administration has largely deprioritized these tools and worked to dismantle the very systems that drove these reductions.” Oliva pointed to the administration’s proposed cuts to permanent housing programs, which the organization found would “force at least 170,000 formerly homeless people back on the streets”.
The government has also mandated treatment for recipients of federal housing vouchers, and penalized jurisdictions that employed harm-reduction strategies such as safe consumption sites. In April 2026, Hud introduced a proposed rule that would require federally funded shelters to house prospective tenants based on their birth sex alone.
California
I moved from Germany to the US for my career. The high cost of living in California shocked me, but it’s worth it to live here.
This as-told-to essay is based on a conversation with Christiane Schroeter, a 49-year-old professor of innovation and entrepreneurship and leadership strategist in San Luis Obispo, California. The following has been edited for length and clarity.
I moved from Limburg, Germany, to the US in 1999 as an exchange student for my M.S. degree before returning to Germany to complete additional graduate work. I returned to the US in 2001 as a Fulbright Scholar to pursue my Ph.D. at Purdue University.
After I earned my Ph.D. in 2005, I decided to build my career and my life in the US rather than return to Germany. I had met my husband during my graduate school years, and together we chose to put down roots on the West Coast.
I joined the faculty at Cal Poly in September 2007 and gave birth to my daughter in December of that year. I started a new job, pregnant, while moving across the country. Building a career and a family at the same time, far from my home country, shaped everything I came to understand about the real cost of relocating.
Today, I’m a leadership strategist, professor of innovation and entrepreneurship at Cal Poly, San Luis Obispo, author of several books about leadership, and a podcaster.
The new country feels last longer than you expect
I was 23 years old when I first moved to the US. I expected the obvious expenses, such as flights, paperwork, and the starter purchases you don’t think about until you need them.
What surprised me was how long the newness stayed expensive. Even when your income is objectively higher, fixed costs rise so quickly that it takes very little to feel financially stretched.
I spent hours learning basics I had taken for granted in Germany, like opening bank accounts, building credit from zero, and figuring out what to do when you’re asked for a Social Security number before you have one.
I also had to learn how rental contracts, deposits, phone plans, and transportation work in places where you need a car, including registration, insurance, and DMV requirements. Time becomes money fast when you’re studying, working, and trying to build a future at the same time.
In Germany, I knew how life worked. In the US, I had to rebuild that knowledge piece by piece.
Housing in California made me realize how quickly additional money gets absorbed
Many people underestimate how dramatically living in California can affect their budget.
For me, one of the highest unexpected monthly costs was the mortgage. Housing was not slightly more expensive. It became the financial anchor that shaped everything else. My husband and I had to make monthly decisions around that number.
Living in California was a genuine upgrade with bigger houses and bigger yards. California’s abundance of fresh produce, gorgeous weather, and proximity to the ocean fit my lifestyle better than Germany ever did. The cold, rainy days and a culture I never fully connected with were not the life I wanted.
I would honestly say I live in a “Goldilocks place.”
The cost of childcare changed how I thought about security
The hardest trade-off was realizing how expensive support can be when you live far from friends and family. After I delivered my first child, I faced the childcare scramble almost immediately. I remember touring childcare centers and wondering how families afford monthly costs for multiple children. I spoke with mothers who realized that their earnings would nearly match what they were paying for childcare.
At the same time, I was adjusting physically and emotionally to becoming a mother, and when you’re far from family, there’s no built-in safety net for the unpredictable moment, such as a sick day, a last-minute meeting, or an emergency.
I learned that many US families create a fragile patchwork of childcare and babysitting. If you have children, distance from family is not only emotional but also logistical. It can become one of your highest monthly costs, and one of your biggest mental loads.
On a lesser note, one bill shocked me: our cellphone bill. Our family plan with four phones, two watches, and two iPads is about $300. That may sound routine, but over a year, it feels like a luxury purchase hiding in plain sight.
Healthcare and benefits reshaped my definition of stability
Healthcare in the US introduced another layer of financial awareness. Even with insurance, you still have to pay premiums, deductibles, co-pays, navigate provider networks, and prepare for potential surprise costs.
I remember debating whether to schedule a specialist appointment because I wasn’t sure how much it would count toward our deductible. In Germany, that decision would have been straightforward. In the US, it required reviewing the provider network, estimating out-of-pocket costs, and preparing for an unexpected bill.
The upside is real, but so is the pressure
I built the life for which I came here. I built a stable academic career. I built a business. California became home.
In Germany, Sundays were true rest days. Life paused by design. In California, Sundays easily became catch-up days. I realized I had to intentionally create what I now call “Serenity Sunday.” It is my way of honoring the German philosophy of working to live while living in an American culture that often feels like living to work.
I don’t think I’d move back to Germany now. When I visit, I enjoy it more like a tourist looking in than a native who feels at home. For me, the cost of living in California is worth it, because what I’ve gained is hard to put on a spreadsheet: independence, a career I couldn’t have built anywhere else, and a family rooted in a place I chose.
The price is real, but so is the payoff.
California
California governor’s race tightens as primary day approaches
OAKLAND, Calif. – With Tuesday’s primary election approaching, the race for California governor is coming into focus — and one candidate’s rise has surprised nearly everyone watching.
That’s according to Joe Garofoli, senior political writer and columnist with the San Francisco Chronicle, who broke down the latest polling and key races to watch with KTVU.
Who’s in the lead?
By the numbers:
The latest Berkeley IGS poll of 5,000 likely voters from May 19-24, shows former Attorney General Xavier Becerra leading the field at 25%, with Republican Steve Hilton at 21% and billionaire activist Tom Steyer at 19%.
Just two months ago, Becerra was polling at 5% and Democratic Party leaders were quietly urging lower-performing candidates to reconsider their campaigns. Former Los Angeles Mayor Antonio Villaraigosa, who is now polling at 1%, was among those who suggested Becerra consider dropping out.
“This would be the greatest comeback since Lazarus,” Garofoli said.
He attributed Becerra’s turnaround primarily to the exit of Congressman Eric Swalwell from the race, saying Swalwell’s voters and Becerra share many of the same moderate positions.
Becerra, Garofoli said, has leaned into a steady, reassuring image on the campaign trail.
“He’s sort of portraying himself as Tío Becerra — Uncle Becerra, the kindly uncle,” Garofoli said. “This is not a guy who’s going to go to Sacramento and turn over the tables.”
The other side:
Steyer, meanwhile, has climbed from 15% earlier this month to 19% in the latest poll, powered by $213 million of his own money and a string of endorsements from major progressive organizations in California.
His support for single-payer health care and his pledge to not take corporate PAC money have resonated with the left, even as some progressives have historically been skeptical of billionaire candidates.
“Steyer’s a different type of billionaire than the tech billionaires who they traditionally oppose,” Garofoli said, noting that Steyer’s platform focuses on protecting and creating working-class jobs rather than advancing technologies that could eliminate them.
Ballots are slow coming in
Dig deeper:
Despite the competitive field, Democrats have been slow to return their mail-in ballots, with return rates sitting around 12%.
Garofoli said the hesitation reflects a broader dissatisfaction with the candidate pool.
“I can’t tell you how many people told me, ‘I don’t know who to vote for, none of these people appeal to me,’” he said. “Nobody in this field really has that outsized big personality, or at least has demonstrated it at this point.”
Local perspective:
In San Francisco, former House Speaker Nancy Pelosi added a new variable to the congressional race to fill her seat, endorsing Supervisor Connie Chan over front-runner State Senator Scott Wiener. Garofoli said the endorsement was expected, though its timing surprised him.
Pelosi’s recent endorsement record in San Francisco has been uneven — she backed Dean Preston, who lost, and Joel Engardio, who was recalled — but Garofoli said this one may carry more weight.
“It is for her seat. She has tapped Chan on the shoulder and said, this is the person I want,” he said.
Chan is currently in a tight race with Saikat Chakrabarti, a former tech engineer and one-time aide to Rep. Alexandria Ocasio-Cortez, according to Chronicle polling.
The Pelosi endorsement, Garofoli said, could be enough to push Chan into the top two alongside Wiener.
The Source: Interview with Joe Garofoli, senior political writer and columnist with the San Francisco Chronicle, Berkeley IGS poll
-
Oregon7 minutes agoSuspect in custody, shelter-in-place lifted after shooting investigation in Sandy, police say
-
Pennsylvania10 minutes agoLuzerne County Sports Hall of Fame induction June 7 at Mohegan Pennsylvania
-
Rhode Island15 minutes agoLiz McGraw Cries Revealing Unaired Details From Her and Jo-Ellen’s RHORI Clash (EXCLUSIVE) | Bravo
-
South-Carolina22 minutes ago‘It’s very emotional:’ hundreds of SC National Guardsmen deploy to D.C.
-
South Dakota25 minutes agoPHOTOS: Storms hit South Dakota Sunday night
-
Tennessee30 minutes agoHow Texas is preparing for rematch vs Tennessee softball pitchers in WCWS semifinals
-
Texas37 minutes agoTexas A&M’s Regional Final revealed ahead of Sunday night matchup
-
Utah40 minutes agoUtah Celtic boys wrap up unprecedented run of 4 straight national tournament titles at MLS NEXT Cup – KSL Sports