BOMA California along with a large coalition of business groups lobbied in opposition to AB 1550 (Bennett; D-Oxnard), a bill that would have had devastating consequences for the launch of a clean, sustainable, and affordable hydrogen market in California.

AB 1550 would have limited production and dramatically increased the cost of hydrogen production and use. California energy costs are already unsustainable, and AB 1550 would have pushed them far higher. The bill was held in committee without receiving a vote.

On Tuesday, BOMA California partner organization CalChamber announced that it has joined the U.S. Chamber of Commerce and other allied groups in bringing a lawsuit that challenges California’s new climate reporting laws—SB 253 (Wiener; D-San Francisco) and SB 261 (Stern; D-Canoga Park). The lawsuit asserts that both SB 253 and SB 261 unconstitutionally compel speech in violation of the First Amendment and conflict with existing federal law and the Constitution’s delegation to Congress of the power to regulate interstate commerce.

SB 253 was heavily opposed by a massive coalition of business groups. The bill requires any business entity with total annual revenues more than $1 billion to publicly report their annual greenhouse gas (GHG) emissions. These disclosures will include corporate supply chains (scope 3), which can include more than 90% of a corporation’s carbon emission.

Looking for more information on new laws and proposed legislation that impacts our industry? BOMA California members have access to fact sheets to help you learn about critical issues impacting commercial real estate, including: 

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• AB 1218: Demolition of Residential Dwelling Units
• AB 1572: Potable Water Use on Nonfunctional Turf 
• SB 253: Climate Corporate Data Accountability Act
• And more!