In January 2019, Pacific Gas and Electric Co.–the tenth-largest utility in the United States–filed for bankruptcy to protect itself from massive losses attributed to fire damage. In this piece for Pensions and Investments, Dr. Mark Labovitz and Dr. Pooja Khosla address the difficulties of valuing companies properly, of determining which climate-progressive actions are legitimate as opposed to publicity stunts, and evaluating a company’s climate scenario preparedness.
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