Exxon Mobil Corporation sues California over climate disclosure laws, claiming they violate free speech by blaming large companies for climate change. Filed in U.S. Eastern District Court to prevent laws from taking effect in 2023.

ExxonMobil publicly discloses emissions but disagrees with California’s new reporting requirements. Laws would disproportionately blame large companies, like ExxonMobil, for emissions. Senate Bill 253 mandates disclosure of all emissions, including indirect ones like employee travel costs.

ExxonMobil challenges California’s methodology focusing on a company’s global emissions, faulting businesses for size, not efficiency. Senate Bill 261 requires companies over $500 million to disclose climate change risks and mitigation plans. ExxonMobil objects to speculating on future developments.

California Gov. Newsom’s office calls ExxonMobil’s opposition to transparency “truly shocking” for one of the biggest polluters. ExxonMobil argues against being forced to embrace a narrative that blames large companies for climate change. Laws aim to increase accountability and transparency in emissions reporting.

Read more at Yahoo Finance: ExxonMobil sues California over climate disclosure laws