Fire Report Places Blame on PG&E -- ESG Insight
16 Mai 2019 - 06:20PM
Dow Jones News
11:50 - PG&E takes yet another hit to its environmental
reputation after Cal Fire's report confirms the utility's
electrical transmission lines were the cause of the 2018 Camp Fire
that killed 85 people, and devastated over 150,000 acres.
PG&E's governance also falls under closer scrutiny as
negligence on safety issues may be further confirmed. California
regulators had previously determined PG&E's equipment
contributed to sparking 18 blazes that together killed 22 people in
2017. The utility has filed for bankruptcy protection due to its
massive potential liability costs. The logging industry could end
up as a beneficiary from the disasters as regulators and some
environmentalists see the thinning of overgrown forest lands as a
potential way to limit future fire devastation.
(goncalo.lousada@dowjones.com)
(END) Dow Jones Newswires
May 16, 2019 12:05 ET (16:05 GMT)
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