Ninth Circuit Enjoins California Corporate Climate Risk Disclosure Law, But the Waiting Game Continues

On November 18, 2025, the Ninth Circuit stayed the enforcement of a California law requiring certain companies to publish a climate risk report. Whether companies will need to disclose their greenhouse gas emissions in 2026 remains an open question. Partners Raquel Fox and Virginia Milstead, counsel Caroline Kim and Liz Malone and associate Sydney Smith discuss the legal challenges, ongoing regulatory uncertainties and implications for companies' compliance planning.