By Alicia Seiger and Dan Iancu, includes “The State of California should translate specific risks associated with climate change into financial terms and use that information in deciding how to spend its $260 billion annual budget and manage over $1 trillion in state pension fund investments, according to a group of advisors appointed by Gov. Gavin Newsom. … Among the recommendations: California should require entities that do business with the state to disclose climate risks and plans to transition to carbon neutrality, especially for large infrastructure and procurement expenditures.”