If these bills pass all the hurdles - and of course it will be taken to court - California will have caused a financial earthquake that will reverberate around the planet.
"Julie Gorte, SVP sustainable investing at Impax Asset Management, says, “What the #investment community is working at doing is pricing #ClimateRisk. We need real assurance by 2030 … If [a company has] higher #emissions, they’re at greater risk and I’m going to need a premium” to own such companies."