Wildfires pose threat to California climate goals, officials say


By Nichola Groom (Reuters) – California’s wildfires could deal a blow to the state’s ambitious climate goals if they inflict too deep a financial wound on utilities, seen as crucial to greening up the grid, according to state officials. The state is relying on Pacific Gas & Electric (PG&E) and its two other big investor-owned utilities to double purchases of renewable energy over the next decade and invest billions of dollars to help electrify the transportation sector, part of California’s nation-leading plan to cut carbon emissions by 40 percent below 2020 levels by 2030. But PG&E now faces untold billions of dollars of potential liabilities related to the recent wildfires, the deadliest in California history, if an investigation determines its equipment caused them, posing a threat to the utility’s solvency and its clean energy agenda.

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