SACRAMENTO, Calif. – A U.S. appeals court on Tuesday paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially.

Another new law requiring major companies to annually disclose their carbon emissions can stay in place for now, the court ruled.

The policies would be the most sweeping of their kind in the nation, and proponents say they would increase transparency and encourage companies to assess how they can cut their emissions.

The U.S. Chamber of Commerce asked the 9th U.S. Circuit Court of Appeals to pause the laws, which were set to take effect next year, arguing they violate the companies’ First Amendment rights. The group also asked the Supreme Court last week to weigh in. The Ch

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