Everyone "knows" fires are caused by climate change, but how many Australians know that when it comes to the huge Californian fires of October 2017 as many as 750 civil suits have been filed against Pacific Gas & Electric (PG&E),the 150 year old utility in California? The fire bill is running at around $30 billion dollars. PG&E are facing financial ruin, calling in a Chapter 11, and going broke.
That's bad news for people filing the claims, but it is also bad news for renewable energy.PG&E are a major holder of some $35 billion dollars in long term green energy contracts many of which are at above market rates. PG&E may not have to pay out those high prices which means the Green industry will be hurt too.
What goes around comes around. Bad science begets bad business. The Green Industry could have cared enough about the environment to speak out about reducing fire risks through managing fuel loads. Instead they were busy putting up windfarms to stop bushfires instead.
Meanwhile their friends are still doing their best to increase fuel loads in order to reduce CO2 (and stop bushfires).
PG&E Bankruptcy Threatens California Wildfire Suits, Green-Power ContractsCalifornia [...]
from Climate Change Skeptic Blogs via hj on Inoreader http://bit.ly/2RAviBq
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