PG&E: The First Climate-Change Bankruptcy, Probably Not the Last

[mahatmakanejeeves]

PG&E's bankruptcy may be a wake-up call for corporations about the risks of climate change on their businesses

Link to tweet

[Turbineguy]

1. PG&E was in an impossible situation.

They could not do maintenance to trim trees off the wires. They could not raise rates to pay for maintenance. Nobody wants to actually pay for underground cables. Add that to the usual fuck-ups that occur in all large organizations.

Electricity is more than flipping a switch and changing the occasional light bulb.

[BigmanPigman]

2. This is how CA's budget surplus could easily disappear.

If you think the rest of the cocountry s in the same boat, you're right. But the country doesn't have a surplus (thanks in part to the tax cuts for the rich). Climate Change could bankrupt a lot of countries if they do not start adapting and investing in those changes NOW!