Federal contractors must disclose climate impact under new Biden rule
by Justine Calma from The Verge - All Posts on (#65P9N)
President Joe Biden delivers remarks before signing H.R. 5376, the Inflation Reduction Act of 2022," Tuesday, August 16th, 2022. | Image: White House The Biden administration proposed a new rule today that would require federal contractors to disclose their greenhouse gas emissions and make efforts to limit their pollution. The rule also calls for companies to disclose financial risks they face as a result of climate change in an effort to strengthen the resilience of vulnerable Federal supply chains."
The rule would require federal contractors receiving more than $7.5 million in annual contracts to publicly share how much greenhouse gas pollution they generate from their operations and electricity use. Contractors receiving less than $7.5 million annually would be exempt. Since the new standards apply only to federal contracts, they can be instituted without approval from Congress.
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