In what the Wall Street Journal touted as “(t)he First Climate Change Bankruptcy,” Pacific Gas & Electric (PG&E) filed for federal bankruptcy protection last month after claiming that it faced $30 billion dollars in liability for wildfires that ravaged California over the last several years.
Investigators have determined that the California utility company caused at least 17 of 21 major Northern California wildfires that occurred in 2017, and inquiries into PG&E’s culpability for 2018 fires that killed scores of people and destroyed towns remain ongoing. …
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