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Michael Wara@michaelwara.bsky.social |
Wildfire Threats Make Utilities Uninsurable in US West www.bloomberg.com/news/article...
4 replies 20 reposts 26 likes
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Lawrence Vulis
@lvulis.bsky.social
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What are the implications for energy transition and utility solvency with this?
0 replies 0 reposts 1 likes
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Max Tide
@maxtide.bsky.social
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Could they just insure themselves and put it on the bill? Then customers would be enraged and could demand that big polluters pay... And we could stop the madness.
0 replies 0 reposts 1 likes
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Sarah T. Fischell
@sfischell.bsky.social
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We r unprepared for climate risk & adaptation. What a terrifically knotty problem. 🫤
“The utility industry is openly discussing the need to set up a federal program that could provide a type of insurance backstop for smaller power companies that have limited financial resources.” #utilities
0 replies 0 reposts 1 likes
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Duncan Watson
@duncanwatson.bsky.social
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in CA at least there is also the issue that they haven't been maintaining their powerlines. And many of the wildfires have been started by those same powerlines.
0 replies 0 reposts 1 likes