PG&E: The First Climate-Change Bankruptcy, Probably Not the Last – The Wall Street Journal
Credit: HECTOR AMEZCUA/SACRAMENTO BEE/ZUMA PRESS.
Article Synopsis – PG&E, California’s largest utility, has announced it will file for bankruptcy, becoming the first corporate casualty of climate change. The company cited “an estimated $30 billion in liabilities and 750 lawsuits from wildfires potentially caused by its power lines”. The PG&E bankruptcy could be “a wake-up call for corporations, forcing them to expand how they think about climate-related risks”. To read the actual article click here.