In "The Very High Costs of Climate Risk" opinion piece in the New York Times, Mr. Bob Litterman, stated that "Before the catastrophic Camp Fire destroyed Paradise, Calif., the Pacific Gas and Electric Company was worth more than $25 billion. Now its C.E.O. has stepped down and the company, which provides natural gas and electricity to 16 million people in California, has filed for bankruptcy as it confronts billions of dollars in potential liability claims following recent wildfires. It is perhaps not the first bankruptcy in which the changing climate played a role, but it is almost certainly the largest. And no doubt, it won't be the last."

Please read the complete article titled The Very High Costs of Climate Risk, at the the New York Times.

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