Companies Expect Climate Change to Cost Them $1 Trillion in 5 Years ...

Companies Expect Climate Change to Cost Them $1 Trillion in 5 Years  WIRED

In January, climate change claimed its first corporate victim. Facing billions in liabilities after contributing to some of California’s deadliest and most devastating wildfires, PG&E filed for Chapter 11 bankruptcy protection. This spring, flooding in the Midwest ruined fields, grain silos, and infrastructure. The agriculture conglomerate Archer Daniels Midland reported that the floods would cost it between $50 and $60 million in the first quarter of the year. The costs of a disturbed climate are becoming increasingly burdensome and apparent. In 2018 the US sustained $91 billion in damages...