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HOSTILE CLIMATE

25th January 2019

     

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When Pacific Gas & Electric (PG&E) – headquartered in San Francisco, California – filed for bankruptcy last week, some commentators suggested that the utility’s failure would potentially turn it into America’s poster child for climate-change dangers. Bloomberg reported that the cost of wildfires left PG&E with potential liabilities of $30-billion or more, gutting its share price and prompting the departure of its CEO, Geisha Williams.

Edited by Creamer Media Reporter

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