Brittleness bubble
#ClimateCrisis cc @AlexSteffen
“Analysts have pegged PG&E’s wildfire liabilities as high as $30 B. That is triple its market value of $9.12 B, which has plunged from $25.32 B in mid-October.”
https://www.wsj.com/articles/pg-e-sparked-at-least-1-500-california-fires-now-the-utility-faces-collapse-11547410768 …
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Read this important thread to understand why “Whether places will welcome in-migration of refugees is the core climate justice question of the century.”https://twitter.com/AlexSteffen/status/989222610075508736?s=20 …
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