"WASHINGTON — California clean tech innovator Bloom Energy, with its noncombustion, low-emission fuel cells, is hardly taking the same approach to powering the planet as oil giant Chevron, but one thing the companies have in common are slick promotional campaigns defining them as environmental pioneers.
That public relations savvy, though, has lately become a liability for both firms.
As they grapple with accusations of exaggerating their place in the green economy, many other businesses are taking notice. A push by the Biden administration and the state of California could soon force all public companies to be far more forthright about their preparedness — or lack thereof — for the disruptions created by climate change and about the size of their carbon footprint.
Unlocking the black box of corporate secrecy is a central pillar of federal and state plans for confronting warming, which are increasingly focused on requiring a wide range of businesses, including financial firms, food suppliers and tech giants, to be painstakingly — perhaps uncomfortably — specific with investors and the public. Even secret contributions to advocacy and political groups could soon be forced into the daylight."
Evan Halper reports for the Los Angeles Times April 29, 2021.
